Here's what no trade deal could mean for the US and China

Reuters/Kevin Lamarque

• The US and China appear to be far from a breakthrough on trade negotiations.
• Both economies have seen a series of dismal data in recent weeks.
• Experts say further escalations, which are set to take place in March, would have far-reaching consequences for the global economy. 

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With just over a month before planned escalations in a trade war between the US and China, negotiations seem to be on thin ice.

"There's been a lot of anticipatory work done but we're miles and miles from getting a resolution, and frankly that shouldn't be too surprising," Commerce Secretary Wilbur Ross said in an interview that aired Thursday on CNBC. 

See the rest of the story at Business Insider

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from Business Insider https://read.bi/2R8n9Pv