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Trump meets in the Oval Office on Sept. 20. Photo: Saul Loeb/AFP/Getty Images

Trade negotiators from China cancelled visits to meet farmers in Montana and Nebraska on Friday, around an hour after President Trump said he was interested in a "big deal," not “a partial deal” with China, the Washington Post reports.

The big picture: The U.S. trade war with China has reduced U.S. employment by 300,000 jobs, compared with likely employment levels absent the trade war, Moody’s Analytics estimates. The National Foundation for American Policy estimates that tariffs will cost U.S. households $2,000 each by next year.

The state of play: Trump said last week he planned to postpone the latest round of tariffs on $250 billion worth of Chinese imports until Oct. 15, "as a gesture of good will." U.S. and Chinese trade officials restarted discussions this week, planning for a high-level meeting around Oct. 10, per Bloomberg.

  • The U.S. imposed a 15% tariff on $112 billion worth of Chinese goods on Sept. 1, to which China responded by resuming 25% tariffs on American cars and adding 5–10% tariffs on $75 billion worth of additional goods.

What they're saying: “We’re looking for a complete deal,” Trump said. “I’m not looking for a partial deal. We’re looking for the big deal. We’ve taken it to this level.”

  • Nicole Rolf, the Montana Farm Bureau Federation’s director of national affairs, told CNBC that "there was no explanation as to why they were cutting their trip short."

Go deeper: Trade between U.S. and China plummets ahead of October negotiations

Go deeper

1 hour ago - Health

J&J CEO "absolutely" confident in vaccine distribution goals

Johnson & Johnson CEO Alex Gorsky said Monday that he is "absolutely" confident that the company will be able to meet its distribution goals, which include 100 million doses by June and up to a billion by the end of 2021.

Driving the news: J&J is already in the process of shipping 3.9 million doses this week, just days after the FDA issued an emergency use authorization for the one-shot vaccine. Gorsky said he expects vaccines to be administered to Americans "literally within the next 24 to 48 hours."

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Clash of the central bankers

Photo Illustration: Eniola Odetunde/Axios. Photos: Bloomberg, Samuel Corum (Stringer)/Getty Images

While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.

Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.

Biden expresses support for Amazon workers' union vote in Alabama

Photo: Joe Raedle/Getty Images

President Biden expressed support for a union vote by Amazon warehouse workers in Alabama in a two-minute video posted on Twitter Sunday, though he did not name the tech giant specifically.

Why it matters: A vote by workers at the Bessemer, Ala., warehouse to join the Retail, Wholesale and Department Store Union would make the facility the first Amazon warehouse to unionize in the U.S., per NPR. The election will run through March 29.