China cancels trade talks with US

China cancels trade talks with US

"If the United States insists on further increasing tariffs on imports, China will retaliate in kind," the Chinese government said in a press release issued by the Ministry of Finance.

China has canceled upcoming trade talks with the United States on tariffs and is unlikely to meet with US officials before the mid-term elections in November, Bloomberg has reported today.

According to the financial news agency, which quotes unidentified people familiar with the situation, Chinese officials have backed off on the idea of meeting with American representatives next week.

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