2nd phase US-China trade deal to begin promptly but outcome may wait until after this year’s elections: Prez Trump

US President Donald Trump has said that negotiations for the second phase of a pending US-China trade deal will begin promptly but the outcome may wait until after this year’s elections.

Mr Trump’s remarks come days before Beijing’s trade envoy is due in Washington to sign a phase one agreement, marking a pause in the two sides’ nearly two-year trade war.

After efforts to reach a grand bargain proved elusive last year, the two sides agreed in December to a partial deal addressing only some of Washington’s grievances about Chinese trade practices.

US Trade Representative Robert Lighthizer said, as part of the Phase One deal, China has committed to a minimum of 200 billion US Dollars in increased purchases over the next two years from the United States.

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