But both sides have expressed willingness to hold further high-level talks, staving off some concerns about the world economy.
China vowed on Thursday to retaliate against the Trump administration's threats to levy additional tariffs on its products next month, casting a doubt on trade negotiations a day after Wall Street suffered its worst losses of 2019.
Hua Chunying, a spokesperson for the Chinese Foreign Ministry, told reporters Thursday that the two sides have still maintained high-level communication through meetings, phone calls and letters. That seemed to calm investor nerves, with US equity futures erasing earlier losses on the headline.Trump suggested in tweets Wednesday evening that he and President Xi Jinping should meet in what would be their first encounter since June, when two two sides agreed to a truce that restarted negotiations.
Trump has for months oscillated between renewing trade threats against China and expressing optimism toward a deal. Last week, he said that an anticipated meeting between the two sides in Washington next month. Trump administration officials have said in recent days there were no concrete plans for such a meeting.
"Good things were stated on the call with China the other day. They are eating the Tariffs with the devaluation of their currency and 'pouring' money into their system," Trump wrote in a tweet Wednesday.
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