US-China trade deal in its ‘final throes’, says Trump
5 years, 1 month ago

US-China trade deal in its ‘final throes’, says Trump

Al Jazeera  

Top US trade negotiators have been invited to Beijing for in-person talks, say US officials, as China’s economy slows. Trump said Washington was in the “final throes” of work on a deal that would defuse a 16-month trade war with Beijing, which has contributed to a slump in China’s industrial profits. In-person talks Trump’s remarks followed a telephone call on Tuesday by US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin with Chinese Vice Premier Liu that was disclosed by China’s Commerce Ministry. It said the negotiators discussed core issues related to the phase one deal and reached “a common understanding on resolving relevant problems.” Completion of a phase one deal had been expected in November, but trade experts and people close to the White House said last week it could slide into the new year, given China’s pressure for more extensive tariff rollbacks. White House adviser Kellyanne Conway told Fox News the US and China were “getting really close” on a “phase one” trade deal.

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