China says it is preparing to send a delegation to the U.S. for trade talks, following Trump's tariff hike tweets over the weekend.

Liu He may still travel to the U.S. but shorten his trip or cancel it altogether.

This week’s talks between China and the U.S. are in jeopardy after Beijing hits back on President Trump’s threat to raise tariffs. Sources say that China is considering cancelling trade negotiations that were due to begin in Washington on Wednesday.

"Perhaps it’s even a high-stakes negotiating tactic. But rash actions, and misunderstanding policy, have real-world effects."

President’s warning to China takes Beijing by surprise.

The trade battles with China hit US goods exporters in 2018. Services exports increased, but at a slower pace than in previous years. Despite these challenges, China continued to be important to US economic growth, supporting more than 1.1 million jobs.

A possible deal would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods.

Lagarde said she expects the U.S. and China to reach a deal to end their trade dispute, which has unnerved financial markets and cast a shadow over the global economy.

“I’m positive that they will come up with something that works, but it will not be a trade deal that solves all problems for all people and moves China into the modern world.”

Treasury Secretary Steven Mnuchin said on Sunday that trade talks between the United States and China were entering a critical point as an American delegation h