Trump says U.S., China still talking on trade but not ready for a deal

U.S. President Donald Trump said on Friday (August 9) that the United States and China were still pursuing a trade agreement, but he was not ready to make a deal. Speaking to reporters at the White House before departing for fundraisers in New York state, Trump also said the United States would continue to refrain from doing business with Chinese telecoms equipment giant Huawei Technologies. U.S. stocks extended losses after his comments, looking set to end a punishing week deep in the red on rising trade war worries.