China-U.S. relations are now “too big to fail,” and thus the two countries must seek a new pragmatic balance in their relationship.

Cloud computing, data handling and other issues around the tech sector are at the forefront of negotiations.

The United States and China have largely agreed on a mechanism to police any trade agreement they reach, including establishing new “enforcement offices,” U.S. Treasury Secretary Steven Mnuchin said on Wednesday.

U.S. companies shift purchases of tariff-targeted products like furniture, refrigerators and car tires to countries such as Vietnam, South Korea, Taiwan and Mexico.

The United States and the European Union are preparing to impose tit-for-tat tariffs on each other’s products.

Jo Leinen, German member of the European Parliament, discusses trade talks between the EU and China, the possibility of a trade war between the U.S. and EU, and Brexit negotiations.

U.S. officials are “not satisfied yet” about all the issues standing in the way of a deal to end the U.S.-China trade war but made progress in talks with China last week, a top White House official said on Monday.

President Trump’s top economic advisor says the U.S. and China are getting closer to a trade deal and that top tier officials will be talking again this week. Larry Kudlow’s comments echoed the positive vibe from China’s Xinhua News Agency after the latest round of talks ended Friday.

Analysts are now looking at early to mid-May for a final presidential deal on trade.

President Donald Trump and Chinese President Xi Jinping may be inching closer to signing a trade agreement, but a few obstacles remain. WSJ takes a look back at how the world’s two largest economies got to this point.