China’s chief trade negotiator and Vice-Premier, Liu He, said at a dinner on Wednesday night that he was “cautiously optimistic” about reaching a phase one deal with the United States. Photo: Bloomberg

US, China on ‘doorstep’ of trade war deal, but ‘phase one’ tariff removal holding up talks, sources say

  • Hopes remain a watered-down deal can be reached before new US tariffs go into effect on December 15, although they are likely to be postponed
  • US President Donald Trump claims a deal has not been reached ‘because I haven’t wanted to,’ and because ‘I don’t think [China is] stepping up to the level that I want’
Topic |   China economy

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China’s chief trade negotiator and Vice-Premier, Liu He, said at a dinner on Wednesday night that he was “cautiously optimistic” about reaching a phase one deal with the United States. Photo: Bloomberg
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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.

Wendy Wu

Wendy Wu

Wendy Wu is a Beijing-based reporter focusing on international finance and diplomacy. Her journalism career spans a decade and she has been reporting for the Post since 2015. Wendy has a master's degree in finance from Germany's University of Freiburg.