The US and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal despite tensions over Hong Kong and Xinjiang, reports Livemint.
The people, who asked not to be identified, said that US President Donald Trump’s comments Tuesday downplaying the urgency of a deal shouldn’t be understood to mean the talks were stalling, as he was speaking off the cuff. Recent US legislation seeking to sanction Chinese officials over human-rights issues in Hong Kong and Xinjiang are unlikely to impact the talks, one person familiar with Beijing’s thinking said.
The US negotiators expect a phase-one deal with China to be completed before American tariffs are set to rise on Dec. 15, the people said. Outstanding issues in the talks include how to guarantee China’s purchases of US agricultural goods and exactly which tariffs to roll back, they added.
The US Trade Representative Robert Lighthizer’s office didn’t respond to a request for comment. China’s Ministry of Commerce didn’t immediately respond to a fax seeking comment on tariff rollbacks.
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