"The risk of a complete breakdown in trade talks has certainly increased," said Michael Taylor of Moody's Investors Service in a report. American officials accuse Beijing of backtracking on commitments made in earlier rounds of negotiations. Trump said Sunday he might expand penalties to all Chinese goods shipped to the United States. Beijing retaliated for previous tariff hikes by raising duties on $110 billion of American imports. The higher US import taxes don't apply to Chinese goods shipped before Friday.

Source: The Telegraph May 10, 2019 07:18 UTC