Trump may take harder line on China trade now that Korea summit is off

The cancellation of a summit between the United States and North Korea casts doubt on prospects for trade negotiations between the U.S. and China – and could result in the Trump administration taking a harder line on China, a White House official told CNBC.

The official said President Donald Trump was holding off on his natural instincts when it came to China. Instead of relying on China hawk Peter Navarro, one of his top trade advisors, the president let more moderate Treasury Secretary...

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