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China's Vice Premier Liu to sign U.S. trade deal in Washington next week

Published 01/09/2020, 02:32 AM
China's Vice Premier Liu to sign U.S. trade deal in Washington next week

BEIJING (Reuters) - China's Vice Premier Liu He, head of the country's negotiation team in Sino-U.S. trade talks, will sign a "Phase 1" deal in Washington next week, the commerce ministry said on Thursday.

Liu will visit Washington on Jan. 13-15, said Gao Feng, spokesman at the commerce ministry.

Negotiating teams from both sides remain in close communication on the particular arrangements of the signing, Gao told reporters at a regular briefing.

U.S. President Donald Trump said on Dec. 31 that the Phase 1 deal with China would be signed on Jan. 15 at the White House. Trump also said he would sign the deal with "high-level representatives of China", and that he would later travel to Beijing to begin talks on the next phase.

The Phase 1 deal reached last month is expected to cut tariffs and boost Chinese purchases of U.S. farm, energy and manufactured goods while addressing some disputes over intellectual property.

But no version of the text has been made public, and Chinese officials have yet to publicly commit to key points such as increasing imports of U.S. goods and services by $200 billion over two years.

The United States launched a trade war against Beijing a year and half ago over allegations of unfair trade practices, such as theft of U.S. intellectual property and subsidies that unfairly benefit Chinese state-owned companies.

Latest comments

Does the 200 billion fully make up for the previous decline? --- Does any1 no the terms under discussion? --- Should'nt any1 from the USA no the terms and list them?
The trade deal will be much less then Trump wants, and markets will trend down after it's made public, and gold will rise.
Gold will rise, but sun above market doesn’t rise at all
Get ready AGAIN for Old Bart Simpson to " pull the rug from under" Liu ! Liu must be feeling like Charlie Brown attempting to kick that ball held by Lucy ?!
we are gonna to see the gold again at the level of 1450....enjoy the down ride...wohooo
Soon gold will be unaffordable
Rajeev kumar singh gold will fly to 1750 in next 10 months
Farse
TrAde deal will 99% fail. Let see
bro it's not going to fail .......it's 100% confirm that next week they are going to sign the deal nd then we can see gold below 1475... enjoy the down ride.
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