China Willing to Wait Trump Out

Reuters: “An ambitious ‘phase two’ trade deal between the United States and China is looking less likely as the two countries struggle to strike a preliminary ‘phase one’ agreement.”

“Officials in Beijing say they don’t anticipate sitting down to discuss a phase two deal before the U.S. election, in part because they want to wait to see if Trump wins a second term.”

Said one Chines official: “It’s Trump who wants to sign these deals, not us. We can wait.”