US ‘Misunderstood’ Mutual Interests, ‘Underestimated’ China’s Endurance – Report

US President Donald Trump urged China earlier on Saturday to quickly conclude a trade deal.
China’s Global Times newspaper said Sunday in an editorial that China “will never make concessions on major issues of principle”. According to the Chinese state-run media, the reason for the trade dispute between two nations is that “the US has made a fundamental misjudgment, that is, believing China is unilaterally benefitting from China-US economic and trade relations”.

 
“We believe that the decision made by the US to raise tariffs is overly impulsive, but the US knows that both the American and global public were hopeful about the prospects of China and the US reaching a trade deal”, Global Times said. 
Meanwhile, the recent round of US-Chinese trade talks concluded Friday without any agreement, but the sides have agreed to meet for the next round of negotiations in Beijing.