China will strive to reach an initial trade agreement with the United States

China is willing to work with the United States to resolve each other’s core concerns on the basis of equality and mutual respect, and will try hard to reach a “phase one” deal, Gao Feng, spokesman at the ministry, told reporters.
BEIJING: China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday (Nov 21), in an attempt to allay fears talks might be unraveling.Economists warn that the prolonged trade dispute between China and the United States is escalating risks to the global economy by disrupting supply chains, discouraging investment and dampening business confidence.
Officials from Beijing had suggested that Chinese President Xi Jinping and US counterpart Donald Trump might sign a deal in early December.Some experts said the next date to watch was Dec 15, when US tariffs on about US$156 billion in Chinese goods are set to take effect, including holiday gift items such as electronics and Christmas decorations.

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