Senior US official: China offer unlikely to spur major trade breakthrough
|Reuters reports comments delivered by a senior Trump administration official late-Thursday, citing that China’s written response to the demands for trade reforms is unlikely to enable a trade deal between the US President Trump and his Chinese counterpart Xi when they meet later this month.
The official noted that “the Chinese document included 142 items divided into three categories: issues the Chinese are willing to negotiate for further action, issues they are already working on and issues they consider off limits.”
Meanwhile, the US Commerce Secretary Wilbur Ross said yesterday that the US still plans China tariff increase to 25% in January.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.