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US Chamber of Commerce official: Don’t expect final trade deal to be done this week

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.

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