Bloomberg quotes people familiar with the US-China trade talks, as saying that “the US and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal despite tensions over Hong Kong and Xinjiang,”
Sources said: Trump’s downplaying of a deal yesterday should not be understood to mean that talks are stalling as he was “speaking off the cuff”.
“The US expects a deal to be completed before the 15 December tariffs are to be enacted with outstanding issues at present being how to guarantee agricultural purchases by China and exactly which tariffs the US roll back”, they added.
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