China has filed a dispute with the World Trade Organization, alleging U.S. tariffs on steel and aluminum violate world trade rules. However, the Chinese did reconfirm they will lower tariffs on cars, potentially paving the way for negotiations. The announcement could offer a glimmer of negotiation to dampen the trade spat, which includes proposed tariffs on U.S. agricultural products. President Trump has been insistent the two nations will reach a mutually beneficial agreement. Chinese officials recently said negotiations would be impossible under “current circumstances.”
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