2019-11-20 13:07:42 | Markets fall after Reuters says 'phase one' of trade deal 'still elusive'"Phase one" of the trade between the U.S. and China could slide into next year, Heather Timmons of Reuters reports, citing trade experts and people close to the White House. Beijing is pressing for more extensive tariff rollbacks, and the Trump administration is countering with heightened demands of its own, Timmons points out. A deal is "still elusive," and negotiations may be getting more complicated, trade experts and people briefed on the talks told Reuters. Trump and U.S. Trade Representative Robert Lighthizer recognize that rolling back tariffs for a deal that fails to address core intellectual property and technology transfer issues will not be seen as a good deal for the U.S., a person briefed on the matter added. The stock market averages in the U.S. moved lower following the report. Reference Link |
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