Bloomberg reported on Monday that the China wanted more trade talks before Xi committed to signing the agreement.
Trump said the deal, which would be completed in the coming weeks and signed in November, would have involved China agreeing to buy $40 to $50 billion of U.S. agricultural products each year and commit to regulations on currency management. The president also said that the agreement would strengthen intellectual property protections for U.S. companies, a demand that has been a controversial sticking point in the trade talks. The U.S.
But despite Trump's positive rhetoric about the outcome of the trade talks, China has appeared more reserved.that"substantial progress" had been made. "The two sides achieved substantial progress in areas including agriculture, intellectual property rights protection, exchange rate, financial services, expansion of trade cooperation, technology transfer and dispute settlement," the news outlet wrote."The two sides also discussed the arrangement for future consultations and agreed to make joint efforts toward eventually reaching an agreement.
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