Probably the most important bit of news this week. Chaos anyone?
China May Skip Trade Talks, Cripple US Supply Chains After New Trump Tariffs
When discussing yesterday's WSJ report that the Trump admin may slap the new, $200BN round of tariffs on Chinese imports as soon as tomorrow, we said that such an escalation would likely derail talks with top Chinese officials, currently scheduled in Washington for Sept. 27 and Sept. 28. Now, in a follow up report, the WSJ has confirmed that in light of the Trump's imminent announcement, China is considering declining Trump’s offer of trade talks later this month as Trump's "pressure tactics" aren’t "sitting well" with Beijing, which has repeatedly said it wouldn’t negotiate under threat. "There is a lot of ... (full story)