China Says Trade Deal Must Be ‘Mutually Beneficial’

(AP) Expectations of a U.S.-Chinese trade truce are rising, though Beijing accused Washington of unfairly attacking its economy. A Chinese foreign ministry spokeswoman said any deal to settle their 17-month-old tariff war must be “mutually beneficial, win-win.” President Donald Trump said in Twitter a deal was “very close,” but the Chinese spokeswoman gave no confirmation of that. Investors are hoping an interim deal will persuade Washington to postpone a planned tariff hike Sunday on $160 billion of Chinese imports. China’s foreign minister complained Washington has imposed “unjustified restrictions and crackdowns” on the Chinese economy and trade.