China, U.S.: Signs of Progress Toward an Interim Trade Deal Emerge

Nov 7, 2019 | 23:09 GMT

Signs of progress in the month since the United States and China agreed to try to negotiate a "phase one" trade deal have emerged. The United States is looking for a possible venue for bilateral trade talks, and Chinese and U.S. officials agreed Nov. 7 to a phased removal of existing tariffs in a phase one deal. Chinese President Xi Jinping and U.S. President Donald Trump must still sign off on the deal. If the United States and China do reach a phase one deal, then the alternating cycles of escalation and truces in the trade war could change -- though deeper issues that divide the two mean their rivalry will persist....

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