US, China Say They’re Close to Finalizing Part of ‘Phase One’ Trade Deal

China's Vice Premier Liu He gestures to the media between U.S. Trade Representative Robert Lighthizer (L) and Treasury Secretary Steve Mnuchin before the two countries' trade negotiations in Washington, on Oct. 10, 2019. Yuri Gripas/Reuters

WASHINGTON—U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement after high-level telephone discussions, with talks to continue, the U.S. Trade Representative’s office and China’s Commerce Ministry said on Oct. 26.

The USTR provided no details on the areas of progress.