White House spokesman Judd Deere said both sides were still working to complete work on the interim deal
An interim trade agreement between the United States and China might not be completed in time for signing in Chile next month as expected but that does not mean the accord is falling apart, a US administration official said on Tuesday.
US and Chinese negotiators are working to complete a text for the agreements for US President Donald Trump and Chinese President Xi Jinping to sign at an Asia-Pacific Economic Cooperation summit in Chile Nov. 16-17.
“If it’s not signed in Chile, that doesn’t mean that it falls apart. It just means that it’s not ready,” the administration official said. “Our goal is to sign it in Chile. But sometimes texts aren’t ready. But good progress is being made and we expect to sign the agreement in Chile.”
Trump, Treasury Secretary Steven Mnuchin and other top US officials have all said good progress is being made on the deal after a nearly 16-month trade war, while also noting that it would be fine if the deal was not finalized by the APEC summit. White House spokesman Judd Deere said both sides were still working to complete work on the interim deal.
“As the president said several weeks ago, we have reached a phase-one agreement with the Chinese and both sides are working to finalize the text for a signing in Chile,” he said. US stocks turned negative after Reuters reported the administration official’s comments, as investors bet the closely watched trade talks were further away from resolution…
Read More: US China Trade War
No comments:
Post a Comment