A deal between the US and China within a week

According to sources at CNBC, it is possible to announce a final US-China trade deal until next Friday.

On Wednesday, the delegations of the two countries met to fine-tune the latest details of the deal. It is next week that Vice Prime Minister Liu He will travel to Washington to resume negotiations.

With the latest wave of talks, Washington and Beijing have gone a long way to resolving the trade war, which has led to a series of imposed tariffs and fears of irreversible damage to the economy. Although both sides have been saying for some time that "there has been positive progress" in the negotiations, the issue of current tariffs remains unresolved. The dilemma is either to be detained as a control mechanism or to be removed. President Donald Trump also expressed his desire for China to buy more US goods to reduce the trade deficit between the two countries.

According to sources, Trump may remove 10% of the current $ 200 billion in tariffs. Washington, in this situation, will aim to keep tariffs of 25% of Chinese goods for $ 50 billion at least until the November 2020 elections.

Source: CNBC

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