China cancels trade talks with U.S. as tariff threats escalate, WSJ

Chinese Vice Premier Liu He in Shanghai. [Reuters/Aly song]

China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources.

The Wall Street Journal said a mid-level delegation was due to travel to Washington ahead of Liu’s visit, but the trip has now been abandoned.

Earlier this week, China added $60 billion of U.S. products to its import tariff list as it retaliated against U.S. duties on $200 billion of Chinese goods set to go into effect from Sept. 24.

Real Estate
Premium Inside Housing Law that will grant Ruto billions for project
Financial Standard
Premium 14 years on, Kenya's oil dream still a mirage amid mounting Tullow woes
By Kamau Muthoni 22 mins ago
Financial Standard
Premium Transport tycoon's widow battles lender over Sh174m 'fictitious' loan
Financial Standard
Premium It's high time we went the lottery way in allocating public sector jobs