Trump Says US and China Will Sign Phase One Trade Deal

Reuters
By Reuters
December 25, 2019Trump Administration
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Trump Says US and China Will Sign Phase One Trade Deal
Chinese head of state Xi Jinping (R) waves to the press as he walks with U.S. President Donald Trump at the Mar-a-Lago estate in West Palm Beach, Florida, on April 7, 2017. (JIM WATSON/AFP/Getty Images)

PALM BEACH, Fla.—U.S. President Donald Trump said on Dec. 24 he and Chinese leader Xi Jinping will have a signing ceremony to sign the first phase of the U.S.-China trade deal agreed to this month.

“We will be having a signing ceremony, yes,” Trump told reporters. “We will ultimately, yes, when we get together. And we’ll be having a quicker signing because we want to get it done. The deal is done, it’s just being translated right now.”

United States Trade Representative Robert Lighthizer said on Dec. 13 that representatives from both countries would sign the Phase One trade deal agreement in the first week of January.

Speaking in Beijing on Wednesday, Chinese Foreign Ministry spokesman Geng Shuang said both countries were in close contact.

“Both sides’ economic and trade teams are in close communication about detailed arrangements for the deal’s signing and other follow-up work,” Geng told a daily news briefing.

He did not elaborate.

Beijing has not yet confirmed specific components of the deal that were released by U.S. officials. A spokesman for China’s Commerce Ministry said last week the details would be made public after the official signing.

By Alexandra Alpe

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