U.S./China trade talks reportedly stalled

Trade talks between the U.S. and China have reportedly stalled.

CNBC and the Wall Street Journal report some of the issues are Chinese purchases of U.S. ag goods and the U.S. resistance to rolling back tariffs until phase one of the deal is signed, along with a lack of agreement on how the deal would be enforced. Other points of contention include forced technology transfer by U.S. companies wanting to do business in China and claims of currency manipulation by Beijing from the U.S.

President Trump told the Economic Club of New York on Tuesday the deal could happen soon and China is “dying to make a deal”, without offering specifics or a timeline for signing phase one of the proposal. Phase one was initially expected to be signed this month at the now canceled APEC meeting in Chile.

New U.S. tariffs on Chinese goods are scheduled to go into effect December 15th.

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