Trump, Xi Spark Another Standoff With World Economy at Risk (3)

US President Donald Trump and Chinese leader Xi Jinping’slatest tit-for-tat showdown has both countries claiming the ball is now in the other’s court, with the clock ticking toward another escalation in import tariffs.

After Trump signaled openness to doing a deal with Beijing, US Vice President JD Vance on Sunday declared the outcome would “depend on how the Chinese respond.” Hours later, China’s Foreign Ministry made clear Beijing would take its cues from Washington’s next steps, after having already unleashed what it saw as retaliatory actions.

“If the US continues on its wrong course, China will firmly take necessary ...