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Asia Markets: Asian markets fall on diminished hopes of U.S.-China trade deal

Asian markets fell in early trading Wednesday, after President Donald Trump poured cold water over optimism for a trade deal as negotiations between the U.S. and China resumed.

In a series of tweets Tuesday morning, Trump criticized China for not buying more American agricultural products, and took credit for its slowing economy. He also said China was hoping to wait until after the 2020 election to make a trade deal, but vowed that terms of any such deal would be much tougher after he is re-elected. Even before Trump’s comments, there had been modest expectations for the new trade talks, with little chance seen of a breakthrough.

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