US-China 'Phase One' deal on track for January: White House

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AFP Washington
Last Updated : Dec 31 2019 | 7:45 PM IST

Washington and Beijing remain on course to sign their partial new trade deal next month, a top White House advisor said Tuesday.

The two sides earlier this month announced a "Phase One" deal in their nearly two-year trade confrontation, with Washington canceling and reducing some tariffs in exchange for Chinese pledges to increase purchases of US exports and adopt trade reforms.

The text of the agreement has not yet been made public pending legal and translation reviews, US officials say, and details remain scant.

"We should be able to get it signed in January certainly," Peter Navarro, head of a White House office on trade and manufacturing, told CNBC. "Let's see what happens."

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First Published: Dec 31 2019 | 7:45 PM IST

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