NEW DELHI: The US president Donald J Trump indicated that he would sign the first phase of the US-China trade deal with Chinese counterpart Xi Jinping later this month.
“We will be having a signing ceremony. Yes,” Trump Tuesday reporters.
The 85-page document is expected to be signed in January 2020.
“We will ultimately, yes, when we get together. And we’ll be having a quicker signing because we want to get it done. The deal is done. It’s just being translated right now,” he added.
However, the detailed features of the upcoming deal has so far not revealed by both – the US and China.
Last week, a spokesman for China’s Commerce Ministry said that details would be made public only after the official signing ceremony.
Meanwhile, the two countries said that the prestigious deal would suspend planned escalation and lower tariffs on selected products. The deal is likely to ease out business transactions between the two, following the pressure from the US multinationals.
The development has come to ease out the volatile situation.
Last month, the US national security adviser Robert O’Brien said that a phased agreement with China would be possible, but warned about the Hong Kong crisis which, he suggested could not be ignored.