Completion of a 'phase one' U.S.-China trade deal could slide into nex...
WASHINGTON - Completion of a “phase one” U.S.-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.
Officials from Beijing had suggested that Chinese President Xi Jinping and Trump might sign a deal in early December. Some experts said the next date to watch is Dec. 15, when tariffs on some $156 billion in Chinese goods are set to take effect, including holiday gift items like electronics and Christmas decorations.
“The violent crackdown against protesters in Hong Kong, which Beijing is directing, decreases the odds of a deal,” Whiton said. “Is Xi really going to be invited for a grip-and-grin with the president as his cops are beating students in Hong Kong?” The flare-up in tensions between Washington and Beijing helped knock global stock markets from 22-month highs reached in recent weeks when some sort of resolution on the trade war appeared likely.
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