The Wall Street Journal’s (WSJ) Chief China Economist, Lingling Wei, is out with the latest updates on the US-China trade talks, via Twitter, noting that both sides are reaching towards a compromise on the trade framework by signing a Memorandum of Understanding (MoU).
Tweet:
“Despite scant progress on structural issues, US, China negotiators are inching toward reaching an MOU–a bare-bones deal that could be finalized by Trump/Xi. Statement to be issued later today will mention the MOU. Stay tuned.”
The memorandum is expected to cover issues related to Beijing’s offers to purchase more American goods and services, accelerating China’s market-opening efforts in sectors such as financial services and manufacturing, as well as improving its protection of the US IP Rights, Livesquawk reports.
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