President Donald Trump said Thursday a new location for signing the 'Phase One' U.S.-China trade deal will be announced soon.
U.S. President Donald Trump and Chinese President Xi Jinping pose for a photo ahead of their bilateral meeting during the G-20 leaders summit in Osaka, Japan, June 29, 2019.President Donald Trump said Thursday a new location for signing the "Phase One" U.S.-China trade deal will be announced soon after the initial gathering in Chile was canceled due to protests.
"China and the USA are working on selecting a new site for signing of Phase One of Trade Agreement, about 60% of total deal, after APEC in Chile was canceled do to unrelated circumstances," Trump said in a tweet on Thursday. "The new location will be announced soon. President Xi and President Trump will do signing!"
Chilean President Sebastian Pinera announced Wednesday he's calling off the Asia-Pacific Economic Cooperation summit in Santiago in mid-November due to nationwide protests sparked by a proposed hike in public transport fares. Trump and Chinese leader Xi Jinping were scheduled to meet at the summit to discuss a possible "phase one" deal that the two countries are close to finalizing.
Trump highlighted in his tweet that the "phase one" trade deal represents the majority of a long-term agreement. His comment came after a Bloomberg News report Thursday morning revealed that China is doubtful about reaching a comprehensive long-term trade deal with the U.S.
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