US-China trade deal could be announced in about 4-weeks: Trump

US President Donald Trump has said that trade deal with China was getting very close and could be announced in about four weeks, but warned it would be difficult to let China keep trading with the United States if remaining issues were not resolved. 

Speaking to reporters at the White House yesterday at the start of a meeting with Chinese Vice Premier Liu He, Mr. Trump said some of the tougher points of a deal had been agreed but there were still differences to be bridged. 

China and the United States are in the middle of intense negotiations to end a months-long trade war between the world’s two largest economies that has rattled global markets. The President is declined to say what would happen to US tariffs on 250 billion dollars worth of goods as part of a deal. 

Meanwhile, Chinese Vice Premier Liu He said a new consensus has been reached between China and the US  on the text of a trade agreement that both sides are negotiating. 

According to official state media Xinhua, Chinese President Xi Jinping, through a message conveyed by Liu, told Mr. Trump that both sides have made new and substantial progress on key issues regarding trade in the past month.

The Hindu

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