US cancels trade planning meeting with China, source says

• The White House has rejected a trade planning meeting with China this week due to outstanding disagreements over intellectual property rules.

 

• Should Beijing and Washington fail to agree on a permanent solution by March 1, President Donald Trump has said he will reinforce punitive tariffs.

 

• The White House tells CNBC that "the teams remain in touch in preparation for high-level talks with Vice Premier Liu He at the end of this month."

(Source: CNBC)