Trump indicated at the White House that it may take another three to four weeks to know whether there would be a trade deal with China. He said “we’ll have news on China. Probably one way or the other, we’re going to know over the next three to four weeks.” He added that China has been “very responsible and very reasonable”. And he repeated the usual rhetoric that “if that one gets done, it will be something that people will be talking about for a long time.”

Separately, Treasury Secretary Steven Mnuchin also confirmed that there will be no Trump-Xi summit this month. He added that both sides are “working in good faith” to try to reach a deal “as quickly as possible.” While there’s a lot of work to do, Mnuchin said “we’re very comfortable with where we are”.

China’s Xinhua news agency said again that Chinese Vice Premier Liu He spoke by telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer and the two sides made further substantive progress on trade talks. As usual from the Chinese side, no other detail was unveiled.

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