US-China Phase One Trade Deal To Be Delayed Until Next Year, Experts Say – By Kalyan Kumar (IB Times) / Nov 20 2019
The phase one U.S.-China trade deal may not happen soon. According to the latest news that quoted people close to the White House, the mini trade deal could well slip into the next year.
President Donald Trump and Treasury Secretary Steven Mnuchin had said on October 11 that an initial trade deal is only five weeks away. Now five weeks later, the deal looks elusive, and negotiations are stuck, per Reuters report that quoted insider sources.
How China will evade the proposed tariffs from Dec.15 is keenly watched.
“If talks are going well, that hike will be suspended,” said Christian Whiton, a senior fellow at the Center for the National Interest, and a former Trump administration adviser.
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