The United States and China's first round of high-level trade talks ended May 4 with little progress made. The prospect of a quick resolution to the trade spat between China and the United States was never high to begin with, but two days of talks in Beijing saw the U.S. delegation, which included Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, issue its demands to Chinese negotiators. Beijing and Washington are in for a long haul before they find common ground....