Sino-US trade deal hope revives after progress in high-level talks


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Sino-US trade deal hope revives after progress in high-level talks

On Friday, the 1st of November 2019, leading trade negotiators from both United States and China said in separate statements that they had achieved progresses in trade talks aimed at putting an end to a tormenting Sino-US trade spat entering into its sixteenth month which hurt the global economy in every possible way and erased trillions from money markets, while a top US official said an interim trade deal might be signed as early as this month, shrugging off concerns over reaching a trade deal following cancellation of Chile’s APEC summit over violent protests where the leaders of US and China were expected to meet to rubberstamp the trade pact.

Meanwhile, the Chinese Commerce Ministry had released a statement on Friday (November 1st) saying that the first- and second-largest economy of the world had reached a “consensus of principles” over “a serious and constructive” phone call with one of the leading trade negotiators in the United States, whole US President Donald Trump had been quoted saying earlier on Friday (November 1st) that he was expecting to sign a trade deal with his Chinese counterpart Xi Jinping at a US location adding he would be preferring the farming state of Iowa which was inflicted with the most deeper wounds in the year-long trade battle.

Besides, reiterating that China was looking to a trade deal very badly, Trump said to the reporters in the White House on Friday (November 1st) evening, “I don’t like to talk about deals until they happen, but we’re making a lot of progress. ”