'The one thing you can't do is shake your fist first and then shake your finger later on,' Warren Buffett commented on Dow futures dropping as much as 500 points today on news that China is considering skipping trade talks.
The Chinese may back out of negotiations this week after Trump's escalated tariff threat.said on Sunday that the U.S. will hike tariffs on goods imported from China, casting doubt on recent optimism that the world's two largest economies were close to a resolution to their trade battle.
Though trade negotiations between Washington and Beijing officials are set to resume on Wednesday, the president lamented that the progress is moving "too slowly" as China tries to re-negotiate terms of the deal.that China is considering cancelling its trade talks with the U.S. this week in light of Trump's latest threats. Citing a source, the Journal said Beijing had been surprised by the new threats.
One source said Chinese Vice Premier Liu He will likely cancel the trip he'd planned for himself and a 100-person delegation for a final round of talks that U.S. officials had previously said could yield a deal by Friday. Chinese officials cancelled a trip in late September 2018 in similar circumstances.
The White House, U.S. Treasury and U.S. Trade Representative's office did not immediately respond to CNBC's requests for comment.
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