The New York Times reports, "Trade talks between China and the United States ended on Friday without a deal, just hours after President Trump renewed his trade war with China by raising tariffs on $200 billion worth of imports and suggesting he was prepared for a long economic fight. In a series of early morning tweets, the president said tariffs on Chinese goods would bolster the United States economy and warned that he would tax nearly all Chinese imports if Beijing did not accede to America's demands. His comments, which came just ahead of talks between the two countries, suggested Mr. Trump is willing to prolong his trade war for the foreseeable future. The toughened stance has thrust the world's two largest economies back into a trade war that just one week ago had seemed on the cusp of ending. Just weeks ago, Mr. Trump was talking about a signing ceremony with Xi Jinping, China's president, for a trade deal he said would be 'epic.' But talks between the United States and China broke down over the weekend, with Mr. Trump and his advisers balking at China's attempts to renege on parts of an emerging trade agreement."