President Trump on Friday said he was cutting off trade talks with Canada and threatened to set a new tariff rate on the country's goods within the next week. Trump said the move was in response to Canada's move to implement a digital services tax on technology companies,

As the U.S. and China finalized a trade agreement, Beijing pitched itself at the “Summer Davos” summit as an antidote to global economic “confusion and anxiety.”

China firmly opposes any countries reaching trade agreements with the US that would sacrifice Chinese interests in exchange for tariff relief, according to a statement from the Ministry of Commerce on Saturday night.