U.S., China Reaffirm Commitment to Phase 1 Trade Deal in Phone Call

WASHINGTON/BEIJING (Reuters) – Top U.S. and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a boost to financial markets on Tuesday.

The pledge was made in a telephone call between U.S. Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He – their first formal dialogue since early May – amid concern the deal could be on shaky ground because of worsening U.S.-China ties.

“Both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement,” the U.S. Trade Representative’s office (USTR) said in a statement after what it described as a regularly scheduled call. Read more…..


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