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Bloomberg

US President Donald Trump and Chinese President Xi Jinping may not be able to sign a partial trade deal until December, and two US locations have been ruled out for their highly anticipated meeting, according to a person familiar with the matter.
The two sides have been trying to negotiate a limited trade deal that would entail the US dropping some tariffs on Chinese imports in exchange for Beijing resuming purchases of American farm goods and other products.
The US-China trade war that Trump began has been a drag on both nation’s economies, and the leaders had initially expected to take a step toward resolving it ahead of the 2020 US elections at an international summit in Chile this month.
The summit was cancelled because of protests in the capital, Santiago.




US locations for a Trump-Xi meeting that had been proposed by the White House, including Iowa and Alaska, have been ruled out, the person said.
Locations in Asia and Europe are now being considered instead, the person said, asking not to be identified because the discussions are not public.
Reuters reported earlier that the signing might be delayed and likely would not occur in the US.
Trump administration officials in recent days have expressed optimism that phase one of a comprehensive trade deal might come together this month, helping boost equity markets to records this week.
Stop trade war and work with allies to counter China, says US think tank
“I think we’re in good shape, we’re making good progress, and there’s no natural reason why it couldn’t be” signed this month, US Commerce Secretary Wilbur Ross told Bloomberg Television in an interview on Sunday in Bangkok.
“But whether it will slip a little bit, who knows, it’s always possible.”
US stocks slid on Wednesday on the news that an agreement may have to wait until December.


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US-China trade war

Donald Trump and Xi Jinping may delay trade deal signing until December, at location outside US

Aides set up platforms before a group photo with members of US and Chinese trade negotiation delegations at the Diaoyutai State Guesthouse in Beijing in February. Photo: Reuters

Xi Jinping’s Brazil trip ‘may be too soon’ for China to sign partial US trade war deal

Presidents Donald Trump and Xi Jinping had been due to meet this month in Chile until the cancellation of the Apec summit. Photo: AP

Chinese exporters start to take trade war hit – but US consumers also hurting, UN study shows

Chinese exporters held off on price cuts until the second quarter of this year, when they reduced prices of tariff-hit goods to the US by an average of 8 per cent, according to a UN study. Photo: Chinatopix

China ‘needs firmer US commitments on lifting tariffs’ if Donald Trump wants to seal a trade deal

US officials have suggested Alaska, Iowa or Hawaii as possible venues for a Trump-Xi meeting. Photo: Reuters

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Locations proposed by White House, including Iowa and Alaska, have been ruled out, and sites in Asia and Europe are being considered instead
US stocks slid on news that agreement could be pushed back



US locations proposed by White House, including Iowa and Alaska, have been ruled out, and sites in Asia and Europe are being considered instead.
