US-China trade deal talks progress after almost 16-months-long standoff
(VOVWORLD) - The US and China on Friday said they made progress in talks aimed at defusing a nearly 16-month-long trade war that has harmed the global economy, and US officials said a deal could be signed this month.
 US Trade Representative Robert Lighthizer, Chinese Vice-Prime Minister Liu He, and US Treasury Secretary Steven Mnuchin at a trade talk in Washington, DC on October 10, 2019. (Photo: AFP / TTXVN) |
The Chinese Commerce Ministry on Friday said the world’s two largest economies had reached “consensus on principles” during a “serious and constructive” telephone call between their main trade negotiators.
US President Donald Trump said he hoped to sign an agreement with Chinese President Xi Jinping at a US location, perhaps in the farming state of Iowa.
US and Chinese negotiators have been racing to finalize a text of a ‘phase one’ agreement for Trump and Xi to sign this month.