Trump says US ‘not ready’ to make trade deal with China

US President Donald Trump said on Friday that he was not ready to make a trade deal with China and had decided that the US would not do business with Chinese telecoms giant Huawei for the time being.

The announcement was out amid rapidly intensifying trade tensions between the two economic giants, raising worries on global economic growth. Markets looked set to end a punishing week deep in the red that started with a surprise drop in China's yuan currency to below 7 to the dollar, prompting the US Treasury to label Beijing a currency manipulator.

Source: VOV5