The US flag flies over shipping cranes and containers in Long Beach, California, in March. Photo: AFP

US and China ‘close to finalising’ parts of phase-one trade deal

  • US trade representative’s office says officials ‘made headway on specific issues’ in Friday phone talks, and discussions will ‘go on continuously’
  • Beijing expected to request cancellation of some US tariffs and pledge to step up purchases of American farm products in return
Topic |   US-China trade war

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The US flag flies over shipping cranes and containers in Long Beach, California, in March. Photo: AFP
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US Trade Representative Robert Lighthizer, Chinese Vice Premier Liu He and US Treasury Secretary Steven Mnuchin during trade talks in Washington in October. Photo: Kyodo

China, US agree to keep yuan exchange rate stable as part of trade deal, Beijing confirms

  • Chinese economic official confirms trade deal between Washington and Beijing will include currency clause to keep the yuan ‘basically stable’
  • Currency agreement could pave the way for the US to remove its designation of China as a currency manipulator
Topic |   US-China trade war

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US Trade Representative Robert Lighthizer, Chinese Vice Premier Liu He and US Treasury Secretary Steven Mnuchin during trade talks in Washington in October. Photo: Kyodo
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