China's Ministry of Commerce did not immediately respond to a request for comment on further talks. Geng Shuang, a foreign ministry spokesman, reiterated on Monday that both sides had made progress and said he hoped "the US will work with China and meet each other halfway."
Investors have struggled to determine whether the US and China reached a breakthrough in an 18-month trade war, with global stocks mixed on Monday. Worse-than-expected September trade figures in China underscored the growing pressure on both Trump and Xi to reach a deal to avert a wider slowdown in the global economy.Trust between the two sides suffered a big blow in May 2018, when Trump put a stop to a deal for China to buy more energy and agricultural goods to narrow the trade deficit.
For Xi, it's seen as politically unfeasible to accept a final deal that doesn't remove the punitive tariffs altogether. Nationalists in the Communist Party have pressured him to avoid signing an "unequal treaty" reminiscent of those China signed with colonial powers. "The US must concede on its December tariff threat if they want sign a deal during APEC summit, otherwise it would be a humiliating treaty for China," said Huo Jianguo, a former Chinese commerce ministry official who is now vice chairman of the China Society For World Trade Organisation Studies.
"The US has definitely shown some good gestures but we shouldn't exclude the possibility of another flip-flop."
wouldn't anyone want the detail in writing before going ahead with any deal with Trump for goodness sake. And even then I would be skeptical
They know what the details are and have no choice but to sign the deal cause there economy will Free Fall 😉
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