US–China Trade Deal in Sight After Progress in High-Level Talks

US–China Trade Deal in Sight After Progress in High-Level Talks
Chinese Vice Premier Liu He presents U.S. President Donald Trump with a letter from Chinese leader Xi Jinping after Trump announced a "phase one" trade agreement was reached with China in the Oval Office at the White House in Washington, DC on October 11, 2019. Win McNamee/Getty Images
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WASHINGTON—U.S.-China trade talks are progressing well and the United States aims to sign an initial deal this month, top Trump administration officials said on Nov. 1, offering reassurance to global markets after nearly 16 months of tit-for-tat tariffs.

Beijing’s state-run media Xinhua said the world’s two largest economies had reached “consensus on principles” during a serious and constructive telephone call on Friday between their main trade negotiators.