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Beijing likely to cancel trade war talks after Donald Trump ups the ante with tariffs on US$200 billion of goods
China is likely to cancel its tentative plans to send Xi Jinping’s top economic adviser to Washington after Donald Trump announced new tariffs on US$200 billion worth of Chinese products, a government source in Beijing said on Tuesday. According to the source, who declined to be identified as the plans have not been made public, China is reviewing its earlier plans to send a delegation, headed by vice-premier Liu He, to Washington next week. One precondition for the talks was that the Americans would show sufficient goodwill but the US president’s decision on Monday to escalate the trade war by slapping 10 per ... (full story)
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