US President Donald Trump has declared that a deal to de-escalate the trade war with China is imminent, but China's government has yet confirm the conclusion of a deal
Recently though, White House officials have indicated they would settle for less in a so-called"phase one" deal.
Plans for an official announcement had not been nailed down, the daily said, adding that the administration does not intend to seek congressional approval.In addition to existing tariffs, Trump had threatened to impose a 15 percent levy Sunday on around $160 billion of Chinese exports, including popular US consumer goods like electronics and clothing.
Mr Trump's overall goal with China and a keystone of his presidency, is to uproot what Washington says are Beijing's predatory trade practices, including forced technology transfers and massive intellectual property theft.Mr Trump himself has blown hot and cold, repeatedly insisting that China needs a deal more than the United States does.
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