US President Donald Trump has said he is in "absolutely no rush" to finalise a trade agreement with China, hours after the US more than doubled tariffs on many Chinese products. He said bilateral talks, due to resume in Washington later on Friday, were continuing in a very "congenial" way.
The US action, a sharp escalation of the countries' damaging trade war, took tariffs on affected Chinese goods to 25% from 10%. China said it would retaliate. It said it "deeply regrets" the move and would have to take "necessary counter-measures". Only recently, the US and China appeared to be close to ending months of trade tensions.
The US action, a sharp escalation of the countries' damaging trade war, took tariffs on affected Chinese goods to 25% from 10%. China said it would retaliate. It said it "deeply regrets" the move and would have to take "necessary counter-measures". Only recently, the US and China appeared to be close to ending months of trade tensions.
