08/25/2019

U.S. Isn’t Ready To Make A Deal With China, Trump Says

President Trump raised the possibility that trade talks with China could break off again, sending stocks lower.

In comments to reporters Friday, Mr. Trump indicated the U.S. was prepared for Beijing to back out of talks, which were tentatively set to take place in Washington next month.

“We’ll see whether or not we keep our meeting in September. If we do, that’s fine. If we don’t, that’s fine. But it’s time that somebody does what we’re doing,” he said.

U.S. and Chinese negotiators held face-to-face meetings in Shanghai last month but failed to make any progress. In response, Mr. Trump has ordered 10% tariffs on $300 billion in Chinese imports not currently taxed to take effect Sept. 1.

On Monday, China lets the value of its currency decline, leading to the U.S. accusing Beijing of manipulating its currency.

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