Chile’s cancellation of the APEC summit is the latest roadblock to a U.S.-China deal. The summit is where President Donald Trump had hoped to sign the first phase of a trade pact with Xi Jinping
WASHINGTON - U.S. President Donald Trump said on Thursday the United States and China would soon announce a new site where he and Chinese President Xi Jinping will sign a “Phase One” trade deal after Chile canceled a planned summit set for mid-November.
Chile’s decision to cancel the Nov. 16-17 Asia-Pacific Economic Cooperation summit in Chile threw a wrench in plans for Trump and Xi to sign a deal on the sidelines. China’s commerce ministry said in a statement on Thursday that bilateral talks will continue to proceed as previously planned and the lead trade negotiators from both countries will speak by telephone on Friday.
Treasury Secretary Steven Mnuchin, who was traveling in the Middle East, told Reuters on Wednesday that U.S. discussions with China had been productive, and work on finalizing the text of the deal was continuing. China’s commerce ministry also said on Thursday the negotiations were progressing well.
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