China’s top trade negotiator will travel to Washington this week to sign “phase one” of a trade deal with the US – a development that could de-escalate the bitter trade war between the world’s two biggest economies, according to a report on Monday.
Beijing has accepted an invitation for the deal signing and a delegation headed by Vice Premier Liu He arrive in the US on Saturday and will stay until the middle of next week, the South China Morning Post reported, citing a source.
Neither Washington nor Beijing has confirmed the trip.
But US Trade Representative Robert Lighthizer said earlier this month that negotiators from the two countries have agreed to “phase one” of a trade deal that would nearly double US exports to China over the next two years and would be signed the first week of January.
As part of the interim deal, China would drastically increase itsClick here to view the full story