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Friday, October 4, 2019

US-China Trade Talks Ahead

Trade talks between the U.S. and China are expected to resume next week in Washington as the thirteenth round of negotiations unfolds. It is unclear whether either side is willing to make the concessions necessary for a deal, observers note.

Chinese officials and some media reports are still spinning a possible interim agreement that President Donald Trump has made clear he does not support as he favors a comprehensive, enforceable agreement.

However, an interim or small-scale deal centered around China buying more U.S. agriculture products and the U.S. postponing planned tariff increases set for October 15 and December 15 is seen as still being possible if the two sides show some flexibility, according to some reports.

Unknown is whether the U.S. will demand more in return for postponing the tariff increases.