The latest saga in trade relations between China and the United States ended not with a bang, but with a fizzle. The inaugural comprehensive dialogue meeting on July 19 failed to produce any concrete agreements -- an outcome that was forecast early on by the cancellation of post-talk press conferences. An anonymous U.S. official said parties discussed U.S. requests to address the glut of Chinese Steel, subsidization of Chinese state-controlled companies and also pushed for China to reduce tariffs on automobiles. Chinese Vice Premier Wang Yang chaired the gathering in conjunction with U.S. Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross. Statements from both the United States and China emphasized cooperation to reduce the U.S. trade deficit with China....
