Comments by the Chinese commerce ministry
- US, China trade teams are maintaining close communications on signing of the deal
- No new information on talks with the US at the moment
What's that saying again? Oh, right. Nothing is agreed until everything is agreed.
There's no doubt that both the US and China have made great strides to get towards a Phase One deal but until it is officially signed off, there is still the fear that it could all fall apart - especially when there is the seemingly lack of details about the deal currently.
That said, I would still expect the deal to get through without any major hitches in the coming weeks. However, once again, this will just represent a temporary trade truce in what will be a prolonged war between US and China that can last up to many more years to come.
