China overplayed its hand with Trump on trade, and it could cost them dearly | Analysis by jgriffiths
Now as negotiators scramble to resurrect the deal, revelations are emerging that indicate both sides appeared to think they had the other over a barrel. As a result, they pushed for more, setting the stage for a rapid escalation in tensions which undid session after session of hard-fought negotiations.
Trump says he called Xi Jinping the 'king' of China 01:13What happened? In launching his trade war, Trump hoped to force China to further open its market to US exports, stop the forced sharing of intellectual property with China, and rewrite trade deals he said have unfairly benefited Beijing. To do so, he has launched an all out assault against the Chinese economy, massively ramping up tariffs on a large variety of goods and industries.
Family's farm at risk as tariffs sink prices 03:15Crossed wiresTrump has a habit of making policy on Twitter, but his pronouncements on Sunday did not come from nowhere. US officials told CNN that at the most recent round of trade talks in Beijing, their Chinese counterparts sought to renegotiate significant aspects of a prospective deal that the Americans felt were already wrapped up.
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