Did Donald Trump just bow to Beijing? In a major diplomatic twist, the Trump administration denied Taiwan President Lai Ching-te permission to stop in New York, reportedly after China objected. This move has sparked global criticism and raised fears that Trump is softening US-Taiwan relations to prioritize trade talks and a possible summit with Chinese President Xi Jinping.

President Donald Trump reportedly denied Taiwanese President Lai Ching-te a visit to the U.S. as Washington participates in trade talks with the People’s Republic of China, Financial Times reported Monday.

U.S. and Chinese officials began a second day of talks in Stockholm on Tuesday to resolve longstanding economic disputes and step back from an escalating trade war between the world's two biggest economies.

Taiwan said more trade talks with the US will be held this week, while also hitting back at domestic speculation that the self-run democracy had already received a tariff letter from the US.

US-China trade talks will be the main event of the week, along with China’s July purchasing managers’ index. Other key data reports are expected from South Korea, Japan and Taiwan. The Bank of Japan is seen leaving rates unchanged

Taiwan's government said on Wednesday that a trade delegation led by the vice premier was in Washington, D.C., for a new round of in-person negotiations with U.S. officials this week.

Despite expected extension, insiders say trade talks unlikely to yield breakthroughs on specific issues though no escalations anticipated.