Trump signals possible tariff cuts on Chinese goods amid economic strain, but no talks with Xi are planned. Trade tensions persist, affecting manufacturing and prices globally.

Chinese President Xi Jinping said on Wednesday that tariff and trade wars undermine the legitimate rights and interests of all countries, hurt the multilateral trading system and impact the world economic order,

President Donald Trump said he is willing to lower tariffs on China at some point because the levies now are so high that the world’s two largest economies have essentially stopped doing business with each other.