President Donald Trump says China's economy is feeling the pressure of his tariffs, and he thinks a "big and very comprehensive deal" could happen.
Trump asserts in a tweet that China's economy is "growing much slower than anticipated because of our Trade War."
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China on Friday reported underwhelming gains in monthly retail sales and industrial production, which could be a possible consequence of the Trump administration's import taxes against China.
But China also is engaged in a broader slowdown, after a decades-long boom, in hopes of boosting consumer demand and fostering a sustainable level of continued growth.
Also Friday, China announced a 90-day suspension of tariff increases on $126 billion of U.S. cars, trucks and auto parts following its trade truce with Washington.