CNBC cites four sources close to the deal

Kayla Tausche

Four sources 'close to talks' cited by CNBC's Kayla Tausche.

Here's the verbatim on the report she made on TV moments ago:

"I've been able to talk to four people close to the talks who suggest the deal is in trouble because there is not an agreement between the US and China -- even at the stage -- on which tariffs would go and which tariffs would stay. That there had been a proposal by China that any sort of tit-for-tat would need to be proportional, so anything the US removed China would remove, but the US wants to China to remove more tariffs than the US is willing to remove on US goods, and therein lies the problem."

Although one of these people close to talks suggests that the tariffs scheduled for December 15 are on track still to be shelved; that there's still enough belief within the White House and the Presidents team that those should be averted at all costs. Of course the hardest part in this process has been selling the President on that argument."

That last line is ominous and suggests the President is more inclined towards the tariffs.

Tausche now has sent out a tweet with some further details:

Tausche forexlive