US gives China a month for trade deal as talks deadlocked

President Donald Trump’s administration told China it has a month to seal a trade deal or face tariffs on all its exports to the US, even as both sides sought to avoid a public breakdown in negotiations despite a developing stalemate.

The threat was made during talks Friday in Washington, hours after Trump upped the ante by imposing a second round of punitive duties on US$200 billion in Chinese goods. The talks are under close scrutiny across global financial markets, and US stocks turned positive after negotiators on both sides said the session had gone fairly well.