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Trump issues Twitter warning to China

AP

President Trump has taken to Twitter with an ominous message for China ahead of the Mar a Lago summit next week with President Xi Jinping:

The meeting next week with China will be a very difficult one in that we can no longer have massive trade deficits and job losses. American companies must be prepared to look at other alternatives.

Why it matters: If another US president had sent those Tweets, it might cause the markets to tumble. Trump has had a seesaw approach to China, though, following up combative rhetoric with gestures of goodwill. That said, statements like this could set a frost tone for the highly-anticipated meeting.