A phone call was held between Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Saturday morning. The Chinese Ministry of Commerce said “constructive” discussions about each side’s core concerns regarding the phase-one trade deal were held. Both sides agreed to stay in close communications. It’s also reported that both sides have held working-level video calls on details and timeline of China’s agricultural purchases.
Separately, US President Donald Trump hailed that “Our great Farmers will receive another major round of ‘cash,’ compliments of China Tariffs, prior to Thanksgiving.” “The smaller farms and farmers will be big beneficiaries. In the meantime, and as you may have noticed, China is starting to buy big again. Japan deal DONE. Enjoy!”
For now, there is no indication on when the phase-one trade deal would be completed and signed.
