4/30, 12:40 PM (Source: TeleTrader)
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Beijing expects trade deal with US as soon as next week

The government in Beijing stated on Tuesday that it expects a trade deal with the United States to be reached as soon as next week, the Associated Press reported. Additionally, State Councillor Wang Yi pointed out that the recent trade negotiations between Washington and Beijing achieved a lot of progress. According to the report, a Chinese Foreign Ministry delegation is set for a visit to Washington next week for the continuation of the talks.

The news comes shortly after US Treasury Secretary Steven Mnuchin said that he "hopes" the negotiations with Beijing advance in the upcoming meetings, reaffirming his earlier remarks that the talks are "getting into the final laps." Mnuchin also said that more work remains to be completed, but that the negotiations have come to a stage of either signing a deal or walking away from the talks without a deal.

Breaking the News / SS