“The delay, though, may be hiding deeper issues with the trade talks,” Jeffrey Halley, senior Asia Pacific market analyst for Oanda, wrote in a note. “Namely, the scale of tariff rollbacks and other conditions that China now feel they can demand from the U.S. Believing the U.S. president is weakened, and thus more amenable to concessions is a dangerous game,” he said. “Push too hard, and we could very quickly be back to square one.”