What is happening: Talks between Chinese Vice Premier Liu He and US Trade Representative Robert Lighthizer got underway yesterday in Washington.
Why is this happening: The two parties are looking to come to trade agreements to resolve issues that have resulted in all out trade war over the past year.
Tariffs: The hope is that agreements will prevent the tariff rise from 10% to 25% on $200 billion worth of goods from China. This change is currently set for March 2.
CBO: The Congressional Budget Office announced this week that current tariffs may limit GDP growth by an overage of 0.1% for the next decade. Lower export numbers and less consumer spending would be factors in this. They also expect exports to decline by 0.5% between now and 2022.
Trump: It is not yet known whether Trump will attend these talks.