As White House plans “Phase One” trade deal ceremony, still no final deal text



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As White House plans “Phase One” trade deal ceremony, still no final deal text

On Friday, the 10th of January 2020, White House officials said in a press briefing that the Trump Administration had invited more than two hundred people to witness the January 15th’s Sino-US “Phase One” trade deal signing ceremony, nonetheless, questions remain on exactly what would be signed off in the 85-page paddling, widely contemplated as an instrument to prevent global money markets from falling since no significant development regarding tariff roll back had not been witnessed thus far, however, Beijing had committed to an exclusive scale of US farm good purchase.

Besides, on mid-December, USTR Robert Lighthizer, White House economic advisor Larry Kudlow alongside US Treasury’s Mnuchin were quoted saying in separate statements that a deal to put an end to an 18-month-long costlier US-China trade row was totally done, but earlier on Friday (January 10th), contradicting earlier comments from top trade negotiators, White House officials were quoted saying that the translation of the document had not been completed yet, adding, “Officials are waiting for the Chinese translation of the 86-page agreement.

” Nonetheless, backing earlier comments from top trade negotiators Mnuchin and Lighthizer, White House adviser, Peter Navarro said in an interview with the CNBC late on Friday (January 10th), “A deal is in the bank,” while Larry Kudlow was quoted saying in an interview with the Fox Business Network that the signing had been on schedule and the ‘text deal’ was virtually complete.