Leaders from the United States and China encountered a new obstacle in their str...
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song
The White House said afterwards the United States still expects to sign an initial trade agreement with China next month, but no alternate location had yet been set for Xi and Trump to meet. Treasury Secretary Steven Mnuchin, who was traveling in the Middle East, told Reuters on Wednesday that U.S. discussions with China had been productive, and work on finalizing the text of the deal was continuing.
“These summits - especially one involving 21 leaders - are a massive undertaking, and moving one with two weeks’ notice is all but impossible,” said Matthew Goodman, a former National Security Council official and an adviser at the Center for Strategic and International Studies, a Washington think tank.
Michael Hirson, with the Eurasia Group consultancy, said the last-minute switch could delay the signing of a trade deal somewhat, but he still saw a 70% chance of a deal by year-end.
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