"The reason for the China pullback & attempted renegotiation of the Trade Deal is the sincere HOPE that they will be able to 'negotiate' with Joe Biden or one of the very weak Democrats," Trump tweeted. The talks were so bad that the real surprise is that it took Trump until Sunday to blow up," the source said. "After 20 years of having their way with the U.S., China still appears to be miscalculating with this administration. The sources told Reuters the extent of the setbacks in the revised text were serious and that Trump's response was not merely a negotiating strategy.On Wednesday morning, U.S. stock market indexes were mostly weaker again, pointing to a third straight day of losses on Wall Street. "Changing any law in China requires a unique set of processes that can't be navigated quickly, said a Chinese official familiar with the talks.

Source: Economic Times May 08, 2019 13:41 UTC