5/1, 8:22 PM (Source: TeleTrader)
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Report: US-China trade deal possible by next Friday

The long-awaited trade deal between China and the United States is "possible" by next Friday, CNBC reported on Wednesday citing unnamed sources.

Earlier, it was reported the world's two largest economies are close to sealing a deal that would include an arrangement on how the US government would roll back some of the tariffs on over $250 billion of Chinese goods.

A delegation from the US met with Chinese negotiators in Beijing earlier in the day, while Chinese Vice Premier Liu He will travel to Washington for talks next week. The White House commented that "discussions remain focused toward making substantial progress on important structural issues and rebalancing the US-China trade relationship," however, it did not comment on the report of a deal coming next week.

Breaking the News / JC