Portions of US-China Trade Deal ‘Basically Completed,’ Says Chinese Foreign Ministry

“Substantial progress” is being made in U.S.-China trade talks, said a Chinese Foreign Affairs Ministry spokesperson Tuesday. Heads of the teams agreed in a phone call Friday “to properly address each other's core concerns and affirmed that technical consultations on part of the text has been basically completed,” he said. “They will have another telephone call shortly. In the meantime, working-level consultations will be continued at a fast pace.” The countries are “looking probably to be ahead of schedule to sign a very big portion of the China deal,” President Donald Trump told reporters Monday. “We’ll call it ‘phase one,’ but it’s a very big portion.”