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The Wall Street Journal: U.S.-China economic talks end without deal

WASHINGTON — High-level economic talks between the U.S. and China ended Wednesday without any progress, leaving the Trump administration’s efforts to recast trade ties with Beijing in limbo.

After a full day of bilateral meetings, the U.S. side issued a terse statement saying that “China acknowledged our shared objective to reduce the trade deficit which both sides will work cooperatively to achieve.”

The statement didn’t provide further details on just how much the two sides could agree on, or when they would resume discussions. Chinese officials made no comment.

The failure to take concrete steps to close America’s $347 billion trade deficit raises pressure on the Trump administration to consider shifting from its embrace of cooperation with Beijing toward more confrontation.

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