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Trade negotiators in the u. S. And china have been working for months on a deal that would satisfy both nations and and an extruding tug of war between the worlds two biggest economies but now new threats by u. S. President trump up the pressure on each side trump said on sunday tariffs on Two Hundred Billion Dollars worth of chinese goods would increase to twenty five from ten percent that would reverse the decision he made in february to keep them at ten percent but that was when the two sides were making Good Progress on trade talks says in asia where he asked after the news european stocks also down and wall street is expected to open lower to. The u. S. China relationship is love hate at The Best Of Times but everything seemed to be going so well late last week a bullish donald trump hailed a progress ....
In markets already nervous now with in the studio to shed some light on the background here is the china expert clifford coonan and often of course is also standing by in frankfurt the cliff let s start with you it s hardly an accident happened so soon after the strong job state of from the us is this just trump s tactics it s definitely goes in tactic he felt emboldened by the strength of the jobless figures in particular but it s also a bit of negotiation going on the chinese side too they re not prepared to just lie down we re hearing i m hearing from my sources there that that she jinping wanted. some of the concessions that the negotiation team was making he very much wants to put his imprint on the trade deal that comes out too so i think we re at that stage in trade talks where negotiations they can kind of see the finishing line but there s a lot of a lot of naughty bits and pieces to go through yes but investors seem to disagree ....