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.
Trump and U.S. Trade Representative Robert Lighthizer recognize that rolling back tariffs for a deal that fails to address core intellectual property and technology transfer issues will not be seen as a good deal for the United States, a person briefed on the matter said. “Negotiations are continuing and progress is being made on the text of the phase-one agreement,” White House spokesman Judd Deere said in an email Wednesday afternoon.The U.S. Senate passed a bill on Tuesday night condemning the crackdown and pledging support for Hong Kong, which was immediately criticized by Beijing.
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Phase One' U.S.-China trade deal may not be completed this year: trade sourcesCompletion of a 'phase one' U.S.-China trade deal could slide into nex...
Read more »
Beijing tariff demands may expand U.S.-China 'phase one' trade deal significantlyA 'phase one' trade deal between the United States and China was suppo...
Read more »
US and China could sign 'phase one' trade deal before Christmas, Pimco predicts'I think Trump sees this as important. He's gotten a lot of endorsement from American CEOs who want to see some type of stabilization and anchor in this broader relationship and trade dialogue between China and America,' says John Studzinski, managing director and vice chairman of Pimco.
Read more »
Growth policies are less effective without a US-China 'phase one' trade deal, says Morgan StanleyThe absence of a U.S.-China deal will prolong economic uncertainty globally, says Gokul Laroia, co-chief executive of Asia Pacific for Morgan Stanley.
Read more »
Asia stocks set to trade lower amid concerns 'phase one' US-China trade deal may not be signed in 2019Reuters reported, citing trade experts and people close to U.S. President Donald Trump's administration, the completion of a partial trade deal could be pushed into 2020 as China seeks more extensive tariff rollbacks.
Read more »
Should Cities Phase Out Gas Appliances and Require New Buildings to Be All Electric?Environmentalists say it will help accelerate the transition to a clean-energy future. Skeptics say it could hurt the environment more than it helps it.
Read more »