US and China to take second shot at averting trade war in London talks

High-level delegations from the United States and China are to meet in London to try to save a fragile tariffs deal and avert a possible trade war that has already roiled the global economy and sparked fears of recession.

The meeting on Monday follows negotiations in Geneva last month that resulted in a temporary respite in the trade war between the world’s two biggest economies. However, the agreement to suspend most of the 100 percent-plus tariffs each had imposed on the other for 90 days has been followed by barbs fired by both sides.

Read Full Article Here