China Cancels Trade Talks with the U.S.

China has canceled planned trade discussions with the United States as both sides escalate their dispute in the wake of a new round of tariffs, The Wall Street Journal reported on Friday.

Last week, President Donald Trump slapped a fresh round of tariffs on Chinese goods ahead of scheduled trade talks with Beijing, placing 10 percent duties on $200 billion of goods. China almost immediately retaliated with tariffs on $60 billion in U.S. products.

The two camps were scheduled to meet in order to dial back tensions, but the Journal reported on Friday that China rescinded a proposal to send two delegations to Washington.

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