China Scraps Trade Talks as New U.S. Tariffs Loom
(WorldNews China)

(Bloomberg) — China has scrapped planned trade talks with the U.S. and is unlikely to sit down with Washington until after November’s mid-term elections, according to people familiar with the situation. The decision to call off a planned delegation next week comes as President Donald Trump signals he’s prepared for short-term pain for the U.S. economy by ramping up the trade war, in the pursuit of what he sees as the long-term gains from king on China. The White House had no immediate response to China’s latest move. Yet hours before the Wall Street Journal first reported that Beijing had scrapped plans to send Vice-Premier Liu He and a mid-level...