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Reuters
Reuters
Business

U.S. and China move closer to phase-one trade deal - Bloomberg

FILE PHOTO: U.S. President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque - RC1E7DB7CCD0/File Photo

(Reuters) - The United States and China are moving closer to agreeing on the amount of tariffs to be rolled back in a phase-one trade deal, Bloomberg reported https://www.bloomberg.com/news/articles/2019-12-04/u-s-china-move-closer-to-trade-deal-despite-heated-rhetoric-k3r2o99u?cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=business&utm_medium=social on Wednesday, citing sources.

U.S. President Donald Trump on Tuesday had said a trade agreement with China might have to wait until after the U.S. presidential election in November 2020, denting hopes of a resolution soon to a dispute that has weighed on the world economy.

(Reporting by Shubham Kalia in Bengaluru; Editing by Andrew Heavens)

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