China and the United States are close to an agreement on the first phase of a trade deal, according to President Donald Trump, who said early this week Washington is in the ‘final throes’ of work on a deal that would defuse the trade war with Beijing. Top negotiators from the two sides spoke on telephone recently and agreed to keep working on remaining issues.
“It’s going very well but at the same time we want to see it go well in Hong Kong,” Trump said at the White House.China and the United States are close to an agreement on the first phase of a trade deal, according to President Donald Trump, who said early this week Washington is in the final throes of work on a deal that would defuse the trade war with Beijing. Top negotiators from the two sides spoke on telephone recently and agreed to keep working on remaining issues.#
White House adviser Kellyanne Conway said that the United States and China were ‘getting really close’ on a ‘phase one’ trade deal. She said Trump wanted to “do this in phases, in interim pieces because it’s such a large, historic trade deal”.
China said it had summoned US ambassador Terry Branstad on November 25 to protest the passage in the US Congress of the Hong Kong Human Rights and Democracy Act, saying the bill is tantamount to interference in an internal matter of China.
China’s commerce ministry said US trade representative Robert Lighthizer and treasury secretary Steven Mnuchin made telephonic calls to Chinese vice premier Liu He on November 26.
It said the negotiators discussed core issues related to the phase one deal and reached “a common understanding on resolving relevant problems,” global newswires reported.
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