Donald Trump’s attempt to raise the stakes in his trade war with Beijing by threatening new tariffs on Chinese imports has left the prospect of a deal to end the dispute looking increasingly remote.
Mr Trump’s threat of tariffs on $300bn of imports on Friday shocked markets, destroying the calm that had set in since bilateral trade talks resumed earlier last week and were described by both sides as “constructive”.
Asked why he had followed the meeting with the sudden threat of new tariffs, Mr Trump said that Xi Jinping, China’s president, was “not going fast enough”.
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