(VOVWORLD) - 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.
 US President Donald Trump. (Photo: AFP/VNA) |
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.