Officials from both the U.S. and China are indicating there has been progress on the phase one agreement between the two sides.
Chinese Vice Premier Liu He offered positive signals that talks with the U.S. are making “concrete progress” and both sides are working toward a partial trade deal, but he added negotiations must be on an equal basis. “China and the U.S. have made substantial progress in many aspects and laid an important foundation for a phase one agreement,” Liu said at a virtual reality conference in Nanchang Saturday.
He reiterated that China is “willing to work in concert with the U.S. to address each other’s core concerns on the basis of equality and mutual respect.”
Meanwhile, President Donald Trump Friday said he thinks a trade deal between the two countries will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on November 16-17. "I think it will get signed quite easily, hopefully by the summit in Chile, where President Xi and I will both be," Trump told reporters at the White House, without providing details. “We are working with China very well," Trump also said.
Deputy-level talks have taken place already this week and top-level talks are expected later this week as the two sides keep working toward finalizing the phase one deal.
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