According to Reuters, an official for the U.S. Chamber of Commerce said that despite the progress, it was unlikely to see a U.S.-China trade get finalised this week.
Key quotes
- Gaps do remain in U.S.-China trade talks, particularly around structural issues.
- Want to end tariffs as soon as possible.
- Cost of tariffs continues to mount.
- Don’t expect final trade deal to be done this week but we are seeing progress.
- March 1 deadline not as important as having a comprehensive trade deal.
- Haven’t heard much about digital trade and data flows in trade talks and they can’t be forgotten in the mix.
- Does not expect any further tariffs, increase in current tariffs if talks are constructive.
- Expects trade talks to go past March 1 deadline.