2/21, 5:55 AM (Source: TeleTrader)
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US, China preparing trade deal outline - reports

Trade representatives from the United States and China are putting together several memorandums of understanding in an effort to reach a trade deal, media reported on Thursday. The memorandums allegedly cover a range of issues, from intellectual property to tariffs.

While "no breakthrough is expected on major structural issues" during trade negotiations this week, an unnamed source told Bloomberg that the March 1 deadline for reinstating trade tariffs could be delayed as China's Vice Premier Liu He meets with US President Donald Trump. The source added that there currently is no clear enforcement mechanism for the items listed in the memorandums, but that "a threat that tariffs would be reimposed" could be a part of the deal.

Breaking the News / DJ