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- China says hopes it can reach trade agreement with U.S. as soon as possible
China says hopes it can reach trade agreement with U.S. as soon as possible
China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh U.S. tariffs on Chinese imports are due to kick in at the end of the week.
Beijing hopes it can reach a trade agreement with the United States that satisfies both sides, Assistant Commerce Minister Ren Hongbin told.
"On the question of China-U.S. trade talks and negotiations, we wish that both sides can, on the foundation of equality and mutual respect, push forward negotiations, and in consideration of each others' core interests, reach an agreement that satisfies all sides as soon as possible," Ren said.
China and the United States are negotiating a so-called "phase one" deal aimed at de-escalating their prolonged trade dispute, but it is unclear whether such an agreement can be reached in the near term.
Washington's next round of tariffs against Chinese goods are scheduled to take effect on Dec. 15.
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