'Phase One' US-China trade deal may not be completed this year: Trade sources

WASHINGTON - Completion of a"phase one" US-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.

Trump and US Trade Representative Robert Lighthizer recognise that rolling back tariffs for a deal that fails to address core intellectual property and technology transfer issues will not be seen as a good deal for the United States, a person briefed on the matter said. "Negotiations are continuing and progress is being made on the text of the phase-one agreement," White House spokesman Judd Deere said in an email Wednesday afternoon.The US Senate passed a bill on Tuesday night condemning the crackdown and pledging support for Hong Kong, which was immediately criticised by Beijing.

"China is going to have to make a deal that I like," Trump said on Tuesday at a Cabinet meeting."If we don't make a deal with China, I'll just raise the tariffs even higher," he said. A Saturday call between Mnuchin, Lighthizer and China's Vice-Premier Liu He was described as"constructive" by Chinese state media Xinhua.

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