On Friday, the U.S. will increase tariffs on $200 billion in goods from 10 percent to 25 percent, unless the U.S. and China agree on a comprehensive trade deal.Just last week, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin thought they had a deal almost ready. Mnuchin told Fox Business the deal was “close to done.” Then China dug back into the 150-page document and started making changes. Out went agreements by China to clean up their act on intellectual property theft, financial services, currency manipulation, and more.

Source: Rebecca Grant: Game over for China as Trump lays down new trade rules | Fox News