China to reach a 'phase one' trade deal with U.S.

China will strive to reach a "phase one" trade deal with the United States as both sides keep communication channels open, the spokesman at the Chinese commerce ministry told reporters on Thursday.
Completion of a phase one deal could slide into next year, trade experts and people close to the White House told Reuters previously, as Beijing presses for more extensive tariff rollbacks and the U.S. administration counters with heightened demands of its own.
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