Trade negotiators for China and the U.S. just finished three days of talks. Both sides are under pressure to make a deal, with the U.S. particularly focused on getting a commitment from China to respect the intellectual property of U.S. companies that do business in China.
Today Cardiff talks to Chad Bown of the Peterson Institute for International Economics, and asks what kind of a toll the standoff has taken on the economies of the U.S. and China. What kind of progress did the negotiators make this week? And what can we expect for the rest of the year?