The Trump administration is going to try to avoid a trade war this week — don't hold your breath

steve mnuchinYuri Gripas/Reuters

  • Trump is sending a team to Beijing this week to talk trade.
  • According to reports, they won't be taking any new goals with them, and the ones they have are non-starters for the Chinese.
  • This means that it's likely nothing will come from these negotiations, but nothing is still an increasingly nasty situation for these countries and the global economy.

Treasury Secretary Steve Mnuchin, US Trade Representative Robert Lighthizer and White House advisors Larry Kudlow and Peter Navarro are going to China to talk trade.

That means this could be the week we avoid a trade war. That would be grand.

See the rest of the story at Business Insider

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