US, China differ over plans for Phase 1 trade deal talks

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US, China differ over plans for Phase 1 trade deal talks
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BEIJING/WASHINGTON (REUTERS) - The Trump administration on Thursday (Aug 20) declined to acknowledge any plans to meet with China over the Phase 1 trade deal after the commerce ministry in Beijing said bilateral talks would be held 'in the coming days' to evaluate the agreement's progress.. Read more at straitstimes.com.

BEIJING/WASHINGTON - The Trump administration on Thursday declined to acknowledge any plans to meet with China over the Phase 1 trade deal after the commerce ministry in Beijing said bilateral talks would be held"in the coming days" to evaluate the agreement's progress.

The video conference meeting, originally envisioned for the Aug 15 six-month anniversary of the trade deal's launch, had been delayed, and US President Donald Trump said it was his decision.The US Trade Representative's office and US Treasury did not respond to queries about plans to review the trade deal, a regular six-month review by high-level officials called for in a chapter on enforcement.

China purchases of US goods are running well behind the pace needed to meet a first year increase of US$77 billion specified in the deal, according to official data.Trump, who has frequently expressed anger at China over the coronavirus pandemic, said on Tuesday he had"postponed" talks with China because"I don't want to deal with them now".

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