Economics
Trump's Tariff Threat Leaves Beijing Stalling on Next Talks
- Trump on Sunday said he’ll raise duties on China this Friday
- China’s Liu He was due to arrive in Washington this week
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Talks between the U.S. and China to resolve their year-long trade standoff appeared to be on life-support Monday, with Beijing struggling to respond to tweets by President Donald Trump that threaten an escalation of tariffs by the end of the week.
China’s foreign ministry said that officials were still planning to travel to the U.S. for the next round of talks -- but was unable to confirm when amid signs that a delay is now being considered. Meanwhile, a media blackout on Trump’s threat left investors baffled as stocks and the yuan tumbled on rumors that the trade war is now back on.