Senior US official: China offer unlikely to spur major trade breakthrough

Reuters reports comments delivered by a senior Trump administration official late-Thursday, citing that China’s written response to the demands for trade reforms is unlikely to enable a trade deal between the US President Trump and his Chinese counterpart Xi when they meet later this month.

The official noted that “the Chinese document included 142 items divided into three categories: issues the Chinese are willing to negotiate for further action, issues they are already working on and issues they consider off limits.”

Meanwhile, the US Commerce Secretary Wilbur Ross said yesterday that the US still plans China tariff increase to 25% in January.