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China cancels Xi's trip to Mar-a-Lago - report

EPA-EFE / WU HONG

China's government called off President Xi Jinping's trip to Mar-a-Lago where he was set to meet his American counterpart Donald Trump, Fox Business reported on Friday.

According to the report, Beijing removed the Florida trip from Xi's official schedule for March, thus inciting worries that the world's two largest economies will not manage to agree to end their ongoing trade dispute this month. Other reports noted further trade talks may be needed, while White House economic adviser Larry Kudlow stressed the meeting may take place in April. Earlier in the day, US Ambassador to China Terry Branstad said that the two sides still hadn't set a date for the Trump-Xi summit.

China and the US were said to be close to reaching a trade agreement which was expected to be signed by the two presidents at Trump's Florida resort before the end of the month. However, Trump insisted he will not sign any deal that is not "good" for Americans, while some media reports indicated Chinese officials are worried Washington could offer unfavorable final terms of the deal.

Breaking the News / NP