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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 uncertainty right now,” a Chinese official told the WSJ. “If more tariffs come out, the Chinese side could very well choose not to go.” That said, a final decision has not yet been made on the trips, and will depend on what Trump does in the coming days. Underscoring China’s growing anger toward Trump’s negotiating tactics, Yang Weimin, a former senior economic adviser to President Xi Jinping, said on Sunday that “China never said it doesn’t want to negotiate with the U.S…. But the U.S. side has to show sincerity” toward resolving the trade dispute. Added a current senior…

Source: Zero Hedge | China May Skip Trade Talks, Cripple US Supply Chains After New Trump Tariffs

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