China cancels trade talks with USA and won’t send delegation to Washington

Elias Hubbard
September 24, 2018

China reached into the U.S. heartland in its escalating trade war over President Donald Trump's tariffs, using an advertising supplement in Iowa's largest newspaper to highlight the impact on the state's soybean farmers as "the fruit of a president's folly".

Pompeo told Fox News on Sunday. "We are going to get an outcome which forces China to behave in a way that if you want to be a power, a global power. you do not steal intellectual property". On Tuesday, China said it would impose levies on $60 billion worth of USA goods effective September 24.

The pair have slapped tit-for-tat tariffs on $50 billion ($A68 billion) worth of goods since the trade war kicked off.

On Saturday China called off planned trade talks with USA officials, and there's a growing consensus in Beijing that substantive talks will be possible with the Trump administration only after the USA midterm elections in November, according to people familiar with the matter.

In a first, the Trump administration has also punished a unit of China's defense ministry for buying fighter jets and missiles from Russian Federation in defiance of sanctions on Moscow.

Earlier this week, the U.S. slapped an additional 10 per cent import duties on $200 billion worth of Chinese products, warning Beijing of fresh taxes on another $267 billion in Chinese imports.

China has retaliated by hitting $60 billion (R858 990 000 000,00) in USA products and the world's two largest economies have already imposed tariffs of $50 billion (R715 825 000 000,00) on each other.

Other reports by Click Lancashire

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