“What we had was an agreement at the 40,000 ft level,” Commerce Sec. Wilbur Ross says about the “Phase One” trade agreement with China.
Ross told CNBC he expects staff-level trade talks between the U.S. and China to continue but added that no high-level discussions between the world's two largest economies are scheduled before the Dec. 15 deadline.
Trump, who campaigned on cracking down on what he called Chinese trade abuses, sees progress toward a deal as a political priority ahead of the 2020 election. Even so, both Trump and Ross argued Tuesday that the president faces no specific timeline to strike a deal.
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