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China Hopes To Reach Trade Pact With US As Early As Possible

BEIJING: China has hoped to reach a phased agreement with the United States over trade as early as possible and make progress on cancelling tariffs on each others’ goods

Spokesman of commerce ministry Gao Feng said such an agreement would help restore market confidence and reduce uncertainty.

He said both sides are maintaining close communication.

Meanwhile, US Treasury Secretary Steven Mnuchin has said that the US and Chinese trade negotiators are working on a trade deal text for their presidents to sign next month.

In a wide-ranging news conference in Washington, he said that he and US Trade Representative Robert Lighthizer would meet Chinese Vice Premier Liu He in Santiago, Chile to discuss the trade deal.