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Post by bot on Apr 2, 2019 21:26:16 GMT -5
U.S.-China trade agreement reportedly 90% done
U.S. and Chinese trade negotiators have resolved most of their differences, though a few sticking points remain, the Financial Times reported late Tuesday. "We're getting into the end-game stage," Myron Brilliant, executive vice-president for international affairs at the U.S. Chamber of Commerce, said Tuesday, according to the FT. "Ninety percent of the deal is done, but the last 10% is the hardest part, it's the trickiest part and it will require trade-offs on both sides," he said. According to the report, China still wants the U.S. to remove existing tariffs on Chinese goods, while the U.S. wants China to agree to a mechanism guaranteeing enforcement of any deal. High-level talks that began in Beijing last week are continuing this week in Washington. The FT reported that if a deal is not reached this week, negotiations could be extended as late as the end of June, when the G-20 meets in Japan.
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