Despite recent intimations that officials were optimistic that the U.S. and China were on the cusp of a new trade deal, the two parties have yet to set a date for a summit to hash out the final details. According to reports from the Wall Street Journal, “neither side feels an agreement is imminent.”
Negotiators still have work to do to narrow gaps in the on-going trade dispute, reports say, before arrangements are made for a meeting between President Trump and Chinese leader Xi Jinping. Chinese officials want “more of a signing ceremony than a final negotiation,” while U.S. officials “want some leeway at the summit,” the Wall Street Journal reported.
White House Economic Advisor Larry Kudlow said on Fox News Tuesday that “there is hope that perhaps by the end of this month or early April the two leaders will get together and finalize an agreement.” He then said: “Don’t hold me to that because it’s not written in cement yet,” the Journal reported.