The U.S. and China moved closer to a trade deal during talks this week, but negotiators still need to hammer out some sticking points as they push for a final summit between President Donald Trump and Chinese President Xi Jinping, an administration official told CNBC.
The world's two largest economies still disagree over whether the U.S. will use tariffs as an enforcement tool, the official acknowledged. Trump has previously said his administration's tariffs on $250 billion in Chinese goods could stay in place even after the sides strike a deal. China has pushed for the removal of duties as part of an agreement.
Trump, who won the White House partly on his pledges to crack down on what he called Chinese trade abuses, seeks a victory that he can promote during his 2020 re-election bid.
Boom goes the oil market!
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNN - 🏆 4. / 95 Read more »
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Source: CNN - 🏆 4. / 95 Read more »
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Source: YahooNews - 🏆 380. / 59 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
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