© Reuters. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan gestures during a news conference after of the True Economic Talks event in Mexico City
BEIJING (Reuters) – Dallas Federal Reserve Bank President Robert Kaplan said on Tuesday he was optimistic the United States and China would find ways to deal with their trade issues.
In a sharp deterioration in talks between the world's two largest economies, top U.S. trade officials said on Monday that China had backtracked on substantial commitments it made during trade negotiations with the United States.
The concerns prompted U.S. President Donald Trump to say he would raise tariffs on $200 billion of Chinese goods imported into the United States.
Kaplan, who was attending a question-and-answer session at a top Beijing university, said the U.S. economy should remain healthy, and a downturn or a recession was not to be expected.
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