These trade talks have the potential to not only upend the balance of trade between America and China but also have enormous repercussions for the upcoming Trump/Kim Jong Un meeting at the DMZ on the Korean Peninsula.
China abruptly signaled rather non-chalantly that it is planning to stop all imports of U.S. soybeans, America's #1 agricultural export to China, right before trade talks were to open. This sends a major message to Washington about China's intention to "fight to the end" when it comes to trade.
Making this decision without any official announcement from the government is also a major message. It's basically saying we don't plan to work with you on trade we're prepared to go it alone without you!
This is not a good sign for the trade talks as markets were down over the tone of the meeting. There is serious potential for this to have a ripple effect into the Korea talks coming up next. This coupled with the threat of upending the Iran deal, there may be some unexpected consequences when Trump and Kim meet very soon.