US President Donald Trump and Chinese President Xi Jinping could reach a formal trade deal at a summit around March 27 given progress in talks between the two countries, the Wall Street Journal reported on Sunday.<\/p>\n\n\n\n
China would lower tariffs on US-made goods including agricultural products, chemicals and cars in exchange for sanctions relief from Washington, the Journal said, citing people briefed on the matter on both sides.<\/p>\n\n\n\n
The newspaper\u2019s sources cautioned that hurdles remain, and each side faces possible resistance at home that the terms are too favorable to the other side.The two nations have imposed tit-for-tat tariffs on hundreds of billions of dollars worth of each others\u2019 goods, roiling financial markets, disrupting manufacturing supply chains and shrinking US farm exports.<\/p>\n\n\n\n
As a part of the deal there would be a $18 billion purchase of natural-gas from Houston-based Cheniere Energy Inc, the report said.Cheniere declined to comment on the potential for a new LNG supply deal with China, a spokesman said. It last year signed a 20-year deal to supply state-run Chinese National Petroleum Corp with natural gas from its Louisiana export terminal through 2043.<\/p>\n\n\n\n
The United States is working to hammer out a detailed trade agreement with China that will include specific structural commitments, US Treasury Secretary Steven Mnuchin told CNBC on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"
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