U.S. and China Discuss Trade

The United States and China have not scheduled another round of negotiations. Trade officials from both countries met Thursday and Friday. The U.S. wants China to reduce its trade gap with the United States by $200 billion over the next two years. The Trump Administration is also demanding greater protection for intellectual property rights. China tried to describe the meetings in a positive way, but pushed back against some of the allegations made by the U.S. The threat of a trade war between the U.S. and China has significant implications for U.S. commodities, like soybeans and pork.