WASHINGTON/CHICAGO - A US-China trade deal appeared elusive on Friday after Chinese officials unexpectedly cancelled a visit to farms in Montana and Nebraska as deputy trade negotiators wrapped up two days of negotiations in Washington.
The Chinese Embassy and the US Department of Agriculture did not immediately respond to requests for comment. The Chinese delegation did not present any new proposals on core structural issues including intellectual property protections, forced technology transfers, industrial subsidies and other trade barriers, said a person briefed on the talks.
Cancellation of the Chinese agriculture visits, which were seen as potentially leading to increased purchases of US soybeans and pork, caused Wall Street's main stock indexes to fall as early optimism about the talks faded. "We're looking for a complete deal. I'm not looking for a partial deal," he told reporters, adding that he did not need a deal to happen before the 2020 presidential election.
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