China expected to retaliate over Trump tariff hike, economic adviser says

Larry Kudlow says We may know more today or this evening or tomorrow after Trump raises spectre of a full-blown trade war The US expects China to retaliate over the Trump administrations Talks ended on Friday and tweeted saying Beijing had deliberately sought to delay negotiations. China felt they were being beaten so badly in the recent negotiation that they may as well wait around for the next election, 2020, to see if they could get lucky [and] have a Democrat win, he said. Kudlow told Fox no more talks were planned but also said there was a strong possibility Trump and Chinese president Xi Jinping will meet in Japan at [the] G20 summit at the end of June. In …