The original timetable had further talks scheduled between US and Chinese trade negotiators in September. The talks may well go ahead but that wouldn’t signal that either side was considering backing down. Instead, the structure of the latest round of tariffs from both sides suggests they are digging in for a long fight. Meanwhile, in Hong Kong the economic impact of the protests is mounting. Retail sales are falling at a faster rate than during the SARs outbreak in 2003.
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