US-China trade talks reportedly broke down as China scrapped 30% of draft deal
The Nikkei Asian Review reports
The report says that China returned a significantly reduced version of the US draft, which then drew the ire of Trump in raising tariffs on $200 billion of Chinese goods. Adding that the original 150-page document was then cut up and reduced to just 105 pages.
Citing unnamed sources, the report goes on to say that the collapse of the negotiations was predetermined by China scrapping as much as 30% of the original draft text.
This isn't really fresh news as we had heard of something similar last week here. However, it just further confirms that the two countries are still far apart from striking a compromise at this current point in time.
Given that last week's talks in Washington failed to bear fruit, the stalemate between the US and China certainly looks set to drag on for quite a while now. As mentioned before, both sides are done playing nice for the time being and will poke at each other until something or someone gives way down the road.