Trump says U.S., China to announce new venue to ink
trade deal soon
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[November 01, 2019] WASHINGTON
(Reuters) - U.S. President Donald Trump said on Thursday the United
States and China would soon announce a new site where he and Chinese
President Xi Jinping will sign a "Phase One" trade deal after Chile
canceled a planned summit set for mid-November.
"China and the USA are working on selecting a new site for signing of
Phase One of Trade Agreement," Trump said on Twitter. "The new location
will be announced soon. President Xi and President Trump will do
Chile's decision to cancel the Nov. 16-17 Asia-Pacific Economic
Cooperation summit in Chile threw a wrench in plans for Trump and Xi to
sign a deal on the sidelines.
Trump offered no specifics on when a new meeting might be set but the
White House said on Wednesday it expected to finalize a deal "within the
same time frame."
China's commerce ministry said in a statement on Thursday that bilateral
talks will continue to proceed as previously planned and the lead trade
negotiators from both countries will speak by telephone on Friday.
U.S. and Chinese negotiators have been racing to finalize a text of the
"phase one" agreement for Trump and Xi to sign next month, a process
clouded by wrangling over U.S. demands for a timetable of Chinese
purchases of U.S. farm products.
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President Donald Trump speaks prior to awarding the Medal of Honor
to U.S. Army Master Sgt. Matthew Williams in the East Room of the
White House in Washington, U.S., October 30, 2019. REUTERS/Joshua
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.
China's commerce ministry also said on Thursday the negotiations were
The White House intends to offer some U.S. locations as alternatives for
the APEC summit, according to one source familiar with U.S. thinking.
Alaska and Hawaii could be potential options that would be acceptable to
China, said a second source familiar with the issue.
China has also suggested Macau as a possible venue, according to one
China trade source familiar with the issue.
Foreign Ministry spokesman Geng said talk of Macau was "pure
speculation". He did not elaborate.
(Reporting by Tim Ahmann; Editing by David Clarke and Chizu Nomiyama)
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