China and U.S. moving closer to trade deal, but no agreement on tariff rollbacks: report

China and the United States are 'moving closer to agreeing' on a &quot...

BEIJING/WASHINGTON - China and the United States are “moving closer to agreeing” on a “phase one” trade deal, the Global Times, a tabloid run by the ruling Communist Party’s official People’s Daily, reported on Sunday.

Beijing and Washington are"very close" to a phase one deal, the Global Times said on its Twitter feedciting experts close to the Chinese government. Beijing"remains committed to continuing talks for a phase two and even a phase three deal" the Tweet said. That information was not included in a report on the Global Times' website, which was much more cautious about the future of a deal.

Completion of a phase one deal had been expected in November, but trade experts and people close to the White House said last week it could slide into the new year, as Beijing presses for more extensive tariff rollbacks and Washington counters with its own demands.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China Box Office: ‘Frozen 2’ Makes Best China Debut Ever for Disney Animated Film“Frozen 2” iced out all its competitors in China this weekend, skidding out in front of the pack to top the local box office with a $53.2 million debut – the best ever for a Disney animated f…
Read more »

China and U.S. 'very close' to phase one trade deal - Global TimesChina and the United States are very close to a phase one trade deal, the Global...
Read more »

Japan, China agree to key step towards resumption of Japanese beef exports: MotegiJapan and China have signed an animal health and quarantine agreement, a key ste...
Read more »

Manchester United denied comeback win by late McBurnie equaliserOli McBurnie's stoppage-time equaliser earned Sheffield United a 3-3 draw a...
Read more »

Why the bullish stock-market narrative depends on U.S.-China trade rhetoric right nowIf it feels like the stock market is blipping up or down based on the latest trade headlines, that’s because it is, according to an analysis by Société...
Read more »

Asia shares bounce, hope for best on U.S.-China tradeAsian shares made guarded gains on Monday as investors braced for another week o...
Read more »