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China's economy czar going to Washington to sign trade deal

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China's economy czar going to Washington to sign trade deal
China's economy czar going to Washington to sign trade deal

China's government says its economy czar will go to Washington next week for the signing of an interim trade deal

Donald Trump announced last month he would sign the “Phase 1” agreement Jan. 15 and travel to Beijing after that to start the second stage of talks.

Trump hailed the interim agreement as a step toward ending the tariff war, but Beijing has been more measured in its public statements.

Economists say concluding a final settlement could take years. Potential hurdles include Chinese insistence that U.S. tariff hikes be canceled once an agreement takes effect. The Trump administration says some must remain in place to ensure Beijing carries out any promises it makes.

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09 January 2020, 16:31