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· Exclusive: U.S.-China trade deal signing could be delayed to December; London a possible venue - source
· Trump-Xi Trade Summit May Slip to December, Be Outside U.S.
Exclusive: U.S.-China trade deal signing could be delayed to December; London a possible venue - source
David Brunnstrom & Matt Spetalnick, Reuters
November 6, 2019
WASHINGTON (Reuters) - A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue, a senior official of the Trump administration told Reuters on Wednesday.
The official, who spoke on condition of anonymity, said it was still possible the “phase one” agreement aimed at ending a damaging trade war would not be reached, but a deal was more likely than not.
Dozens of venues have been suggested for the meeting, which had originally been scheduled to take place on the sidelines of a now-canceled mid-November summit of Asia-Pacific leaders in Chile, the official said.
One possible location is London, where the two leaders could meet after a NATO summit that Trump is due to attend from Dec. 3-4, the official said. “It’s under consideration but nothing decided,” the official said.
Other sites are possible in Europe and Asia, but the former is more likely, with Sweden and Switzerland among the possibilities. Iowa, which Trump has suggested, appeared to have been ruled out, the official said.
China’s latest push for more tariff rollbacks would be discussed, but was not expected to derail progress toward an interim deal.
The official said China was believed to see a quick deal as its best chance for favorable terms, given pressure Trump is facing from a congressional impeachment inquiry as he seeks re-election in 2020.
U.S. Treasury prices gained on Wednesday on word that the talks could be delayed, while some investors also repositioned after a three-day sell-off. The dollar slid and the three-day global stock market rally paused as U.S. productivity data disappointed and investors turned a bit cautious about U.S.-China trade talks.
“Negotiations are continuing and progress is being made on the text of the phase one agreement,” White House spokesman Judd Deere said...
Trump-Xi Trade Summit May Slip to December, Be Outside U.S.
Reports of a delay pushed stocks lower from near record highs
Summit locations of Iowa and Hawaii are said to be ruled out
By Saleha Mohsin, Bloomberg
November 6, 2019
President Donald Trump and Chinese President Xi Jinping may not be able to sign a partial trade deal until December, and two U.S. locations have been ruled out for their highly anticipated meeting, according to a person familiar with the matter.
The two sides have been trying to negotiate a limited trade deal that would entail the U.S. dropping some tariffs on Chinese imports in exchange for Beijing resuming purchases of American farm goods and other products.
The U.S.-China trade war that Trump began has been a drag on both nation’s economies, and the leaders had initially expected to take a step toward resolving it ahead of the 2020 U.S. elections at an international summit in Chile this month. The summit was canceled because of protests in the capital, Santiago.
U.S. locations for a Trump-Xi meeting that had been proposed by the White House, including Iowa and Alaska, have been ruled out, the person said. Locations in Asia and Europe are now being considered instead, the person said, asking not to be identified because the discussions aren’t public.
“Negotiations are continuing and progress is being made on the text of the phase-one agreement," White House spokesman Judd Deere said. “We will let you know when we have an announcement on a signing location.”
Reuters reported earlier that the signing might be delayed and likely wouldn’t occur in the U.S...
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