China's Fang: US additional tariffs are poisoning negotiation

Fang Xinghai, the China securities market official, is out on the wires stating that US' decision to impose fresh tariffs on the world's second-largest economy is certainly poisoning negotiations. 

The US invited China for trade talks last Thursday, lifting the risk assets across the globe. However, the relief was short-lived as President Trump announced a 10 percent tariff on Chinese imports worth $200 billion annually.