White House economic adviser Larry Kudlow said yesterday that “we’re getting close” to the phase one trade deal with China. And, “the mood music is pretty good, and that has not always been so in these things.” But he added that “it’s not done yet” even though “there has been very good progress and the talks have been very constructive.”

China has resumed significant purchase of US products since October 11, when President Donald Trump announced the place for the phase one deal. Both sides have also lifted ban of poultry imports this week. US Trade Representative Robert Lighthizer said “this is great news for both America’s farmers and China’s consumers”.

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