U.S. And China Reportedly Close To A Trade Deal

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The U.S. and China are reportedly close to a trade deal that would lift U.S. tariffs on Chinese goods in exchange for Beijing making several economic concessions. 

Reuters reported Sunday evening that the U.S. would lift sanctions on at least $200 billion worth of Chinese goods under the deal, while China would lift retaliatory tariffs against the U.S. and make pledges for economic reform.

Reuters, citing a source familiar, reported that China had set aside a 10-day window around March 20 for a possible summit with the U.S. to announce a trade deal. 

The Wall Street Journal reported that the summit could be held around March 27.

And according to Bloomberg News, one of the final sticking points in the negotiations is how soon U.S. tariffs on Chinese goods would be lifted. The U.S. hopes to eliminate the tariffs over the time, rather than immediately, in an effort to pressure China not to pull out of the trade deal, Bloomberg News reported.

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