US, China close to accord on trade deals

US, China close to accord on trade deals


US and Chinese trade officials are 'close to finalizing' some parts of an agreement after high-level telephone discussions on Friday, the U.S. Trade Representative's office said, adding that deputy-level talks would proceed 'continuously.'

On specific issues 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,' it said.

The call came as Washington and Beijing are working to agree on the text for a 'Phase 1' trade agreement announced by US.

Mr. Donald Trump has said he hopes to sign the deal with the Chinese President, Mr.  Xi Jinping, next month at a summit in Chile.

Beijing was expected to request cancellation of some planned and existing U.S. tariffs on Chinese imports during the phone call, people briefed on the negotiations said.

In return, China was expected to pledge to step up its purchases of U.S. agricultural products.