The United States and China have come closer together in the consultation on the first phase of a trade agreement. That was reported by US trade representative Robert Lighthizer and finance minister Steven Mnuchin in a statement following a telephone conversation Friday with Chinese Deputy Prime Minister Liu He.
Progress has been made on several fronts and the two camps are close to finalizing some parts of the agreement. The conversations are continued at a lower level. In the short term, another phone call will follow from the top negotiators in the trade war between the US and China.
US President Donald Trump underlined on Friday that the negotiations are going well. He also said that China wants “to be very happy” and agree. The Asian country would be willing to import much more agricultural goods from the US.
Earlier this month, Trump reported that a deal would have been concluded with China on a limited number of topics. China publicly reacted reluctantly to Trump’s announcement, saying that there was nothing on paper yet and that it would not just be signed.
Last week Trump said that signatures could probably be made during his planned meeting with Chinese President Xi Jinping at a conference in Chile next month. The agreement includes agreements on intellectual property, financial services and agricultural goods.