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Report: China cancels trade talks with U.S.

Chinese and American national flags fly on Tian'anmen Square to welcome U.S. President Donald Trump. Photo: VCG/VCG via Getty Images

China officially canceled plans for upcoming trade negotiations with the U.S., the Wall Street Journal reports.

Why it matters: There were previous reports that Beijing would skip out on negotiations, but the most recent round of tariffs escalated tensions between the world’s two biggest economies.

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