World Trump Says China Trade Deal Will Be Signed Somewhere in U.S.
China Says Part of Phase 1 Trade Deal Text ‘Basically Completed’
China said parts of the text for the first phase of a trade deal with the U.S. are “basically completed” as the two sides reached a consensus in areas including standards used by agricultural regulators. © Reuters The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. The Saturday comments followed a call Friday with Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.
(Bloomberg) -- The “Phase One” trade deal with China, once completed, will be signed somewhere in the U.S., President Donald Trump told reporters on Sunday at the White House.
Trump had previously suggested Iowa, the largest U.S. corn and hog producing state, as a natural setting for the trade agreement to be formalized.
Commerce Secretary Wilbur Ross saidin Bangkok that Alaska and Hawaii, as well as locations in China, were all possible locations for Trump and Chinese President Xi Jinping to sign the deal.
The leaders had been expected to meet at this month’s Asia-Pacific Economic Cooperation summit in Chile, but that event has been canceled due to unrest in the country.
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