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POLITICO

This story is published in a content partnership with POLITICO. It was originally reported by Allie Bice on politico.com on October 28, 2019.
US President Donald Trump said on Monday that negotiations for the so-called phase one of the United States' trade deal with China were “ahead of schedule”.
“We are looking probably to be ahead of schedule to sign a very big portion of the China deal, and we’ll call it phase one but it’s a very big portion,” Trump said.
“That would take care of the farmers. It would take care of some of the other things. It will also take care of a lot of the banking needs.”
Top economists urge sensible approach to tackle trade war
The comments come ahead of Trump’s meeting with Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation summit in Chile on November 16-17.
“So we're about, I would say, a little bit ahead of schedule, maybe a lot ahead of schedule,” the president said. “Probably we'll sign it.”
On Friday, Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer spoke with China’s Vice-Premier Liu He about the deal and signalled progress on negotiations over the weekend.
The Office of the US Trade Representative released a statement after the call, noting that both parties “made headway on specific issues”.
It was announced earlier this month that Beijing would buy US$40 billion to US$50 billion worth of US agricultural products, in exchange for a stop on the United States' scheduled October 15 tariff increase.
Officials, however, have left open the potential for a tariff increase on December 15.
https://www.politico.com/news/2019/10/28/trump-china-trade-deal-059801


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US-China trade war

Donald Trump says phase one of China trade deal is ‘ahead of schedule’

US President Donald Trump gestures during an event at the McCormick Place Convention Centre in Chicago on Monday. Photo: AFP

US travel industry steps up efforts to win back Chinese tourism business lost to trade war

A Chinese visitor takes pictures of Washington t-shirts at a tourism kiosk in the US capital. Photo: AP

In this Oct. 15, 2019, photo visitors sporting bucket hats and Washington merchandise pose for photos at the Lincoln Memorial in Washington. An enlarged Chinese middle class has become an increasingly lucrative market for the U.S. travel industry. Close to 3 million Chinese tourists visited the U.S. last year. (AP Photo/ Bani Sapra)

A general view of San Francisco, Chinatown. From coast to coast in the United States, there is a sense that a new day is dawning for Chinese cuisine. On the west coast, especially in the fine food-obsessed San Francisco Bay Area, chefs are taking advantage of the wealth and natural bounty to pioneer a new level of Chinese-American fine dining. [FEATURES]

New York Mayor Bill DeBlasio waves as he takes part in the NYC Pride March as part of World Pride commemorating the 50th Anniversary of the Stonewall Uprising on June 30, 2019 in New York City. (Photo by ANGELA WEISS / AFP)

China, United States say good progress being made on phase-one deal to end trade war

China and the US say they are making good progress towards a “phase-one” deal. Photo: Reuters

Containers sit stacked next to gantry cranes at the Yangshan Deep Water Port in Shanghai, China, on Tuesday, July 10, 2018. China told companies to boost imports of goods from soybeans to seafood and automobiles from countries other than the U.S. after trade tensions between the world's two biggest economies escalated into a tariff war last week. Photographer: Qilai Shen/Bloomberg

A tugboat guides the Matson Inc. Mokihana cargo ship into the Port of Long Beach in Long Beach, California, U.S., on Wednesday, April 4, 2018. The U.S.Â trade deficitÂ widened by more than forecast to a fresh nine-year high in February amid broad-based demand for imports, ahead of Trump administration tariffs that have raised the specter of a trade war. Photographer: Tim Rue/Bloomberg

China’s capital outflows widen, but US trade war currency deal could ease pressures

Weaker confidence in the outlook for the yuan, which has lost 2.6 per cent against the US dollar so far this year, indicates capital is leaving the country. Photo: Reuters

China's Vice-Premier Liu He speaks with US President Donald Trump during a trade meeting in Washington. Photo: AFP

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‘Probably we’ll sign it,’ US president says, ahead of meeting with Xi Jinping at Apec summit in Chile
Steven Mnuchin and Robert Lighthizer spoke with China’s Vice-Premier Liu He about deal on Friday and signalled progress in negotiations over weekend



‘Probably we’ll sign it,’ US president says, ahead of meeting with Xi Jinping at Apec summit in Chile.


.css-sioo19{color:#c79a00;}Politico | Donald Trump says phase one of China trade deal is ‘ahead of schedule’

Politico | Donald Trump says phase one of China trade deal is ‘ahead of schedule’