The latest round of talks to strike a deal that will increase Chinese imports of American energy and agricultural products did not reach a conclusion. While discussions including Vice Premier Liu and Secretary Ross made “concrete progress” a U.S. insistence on multi-year contracts and Chinese demands for no further U.S. duties appear to have scuppered progress. The Chinese government went as far as to indicate that, should the U.S. make good on its threat to apply duties under the section 301 review of IP practices, it could retaliate with tariffs on the very agricultural goods it wou...