China and the United States will hold low-level talks later this month – the first round of new negotiations since May. That round featured the U.S. treasury secretary and China’s vice premier. The upcoming talks, then, could be seen either as a step back or a small step forward, depending on how you look at it. After all, progress usually requires some grunt work from lower-level officials before the big guns come in. China’s Commerce Ministry announced that one of its officials would travel to Washington later this month at the invitation of the U.S. Treasury Department. According to the Wall Street Journal, the department has been clarifying its list of demands, which include improved market access to China and an end to the manipulation of the yuan. The next round of U.S. tariffs will take effect Aug. 23, before the new talks. They will target $16 billion in Chinese goods and will be followed by a new round targeting $200 billion worth of goods. In related news, the South Chi
Daily Memo: US-China Talks, Qatari Money, Mexican Drugs
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