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10/25/2019, 5:09 PM (Source: TeleTrader)
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US, China make headway on phase one trade deal

Trade negotiators from the United States and China made progress on Friday regarding the phase one trade agreement, the office of the US Trade Representative said on Friday.

US Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin spoke to Chinese Vice Premier Liu He on finalizing the phase one trade deal and are close to agreeing on a number of issues.

"They made headway on specific issues and the two sides are close to finalizing some sections of the agreement. Discussions will go on continuously at the deputy level, and the principals will have another call in the near future," the USTR said.

Earlier today, it was reported Liu would ask the US side for the removal of some tariffs on Chinese goods.

Breaking the News / JC