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US trade talks with China on 'hiatus,' Commerce Secretary Ross says

Tucker Higgins
American and Chinese officials have suggested that the leaders of the two countries may be able to advance talks at the upcoming G-20 summit in Argentina. Asked about that possibility, Ross suggested it was unlikely that much would be accomplished there.

Commerce Secretary Wilbur Ross said Wednesday that U.S.-China trade talks are on hiatus.

"It appears as though we may be in something of a hiatus now," Ross said during an interview on CNBC.

Ross noted that "in any negotiation there are ups and downs," but suggested that talks had entered an inactive period.

"I don't know that I would call it a continued impasse," he said. "We are where we are."

The U.S. and China, the world's two largest economies, have been engaged for months in a trade dispute. On Sunday, the president's top economic advisor Larry Kudlow said the relationship between the two countries "has not been positive lately."

American and Chinese officials have suggested that the leaders of the two countries may be able to advance talks at the upcoming G-20 summit in Argentina. Asked about that possibility, Ross suggested it was unlikely that much would be accomplished there.

"Meetings of world leaders at the G-20 never get into huge amounts of detail," Ross said.

"You can't do a multi-thousand page trade agreement in an hour," he added.

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