10/30/2019, 5:14 PM (Source: TeleTrader)
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WH: US wants China deal in November despite APEC cancellation

The White House said on Wednesday the United States still wants to sign a phase one trade deal with China in November despite the cancellation of the Asia-Pacific Economic Cooperation (APEC) summit in Chile, where the two countries initially intended to sign the agreement.

"We look forward to finalizing Phase One of the historic trade deal with China within the same time frame, and when we have an announcement, we’ll let you know," White House Deputy Press Secretary Hogan Gidley stated.

Earlier in the day, Chilean President Sebastian Pinera announced the country will not host the APEC summit as a result of domestic issues. Meanwhile, China reportedly proposed that US President Donald Trump and his Chinese counterpart Xi Jinping meet in Macau to sign the deal.

Breaking the News / NP