BEIJING/WASHINGTON ¨C China and the United States start their first major trade war part two meeting on Saturday to pull back from what analysts describe as a lose-lose situation for their economies, without much clarity on what a win would look like for either side.
China is at the epicenter of U.S. President Donald Trump¡¯s global trade war that has roiled financial markets, upended supply chains and fueled risks of a sharp worldwide economic downturn.
Washington wants to reduce its trade deficit with Beijing and convince China to renounce what the U.S. says is a mercantilist economic model and contribute more to global consumption, which would imply, among other things, painful domestic reforms.
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