US-China Trade Deal to be Signed During Xi’s State Visit to the US?

Ahead of finalizing and signing the Phase 1 trade deal, China is increasing its pressure on the US to cancel some of its most recently imposed tariffs on its imports. While both countries actively explore possible locations where their Presidents can meet for signing the deal, positive comments about negotiations making progress are giving rise to reports that a new set of tariff exemptions are in consideration on the US side.

According to sources, China is keen to have the 15% tariffs on around $125 billion of its imports imposed since September to be called off. In addition, China is also interested in the removal of the 25% tariffs imposed on another $250 billion worth of its imports.

Speaking at an event earlier today, Chinese President Xi Jinping called for removal of global trade barriers. Xi also spoke about opening up China’s economy to international players even as it strengthened its mechanisms to protect IP.

US President Donald Trump has extended an invitation to his Chinese counterpart to consider signing the deal in the US. According to a report on Bloomberg, China is in the process of reviewing possible locations in the US where the interim trade deal could be signed as part of Xi’s state visit.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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