China and the United States are 'moving closer to agreeing' on a "...
BEIJING/WASHINGTON - China and the United States are “moving closer to agreeing” on a “phase one” trade deal, the Global Times, a tabloid run by the ruling Communist Party’s official People’s Daily, reported on Sunday.
Beijing and Washington are"very close" to a phase one deal, the Global Times said on its Twitter feedciting experts close to the Chinese government. Beijing"remains committed to continuing talks for a phase two and even a phase three deal" the Tweet said. That information was not included in a report on the Global Times' website, which was much more cautious about the future of a deal.
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, as Beijing presses for more extensive tariff rollbacks and Washington counters with its own demands.
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