President Trump's chief economic adviser Larry Kudlow says that trade negotiations with the European Union are set to begin immediately following a meeting between Mr. Trump and European Commission President Jean-Claude Juncker. The two agreed to work toward zero tariffs and hold off on additional tariffs at the meeting at the White House on Thursday.
Beijing has dropped an anti-dumping investigation into imported U.S. sorghum, which it had accused the United States of unfairly subsiding. It has also given approval for a U.S. private equity firm to buy Toshiba's memory chip business. Those gestures could suggest a thaw with the U.S. as trade talks went on in Washington in an atmosphere of hopefulness but hardly assurance of a breakthrough in the impasse.