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US Chamber of Commerce official: Do not count on last commerce deal to be accomplished this week

In keeping with Reuters, an official for the U.S. Chamber of Commerce stated that regardless of the progress, it was unlikely to see a U.S.-China commerce get finalised this week.

Key quotes

  • Gaps do stay in U.S.-China commerce talks, notably round structural points.
  • Need to finish tariffs as quickly as attainable.
  • Value of tariffs continues to mount.
  • Do not count on last commerce deal to be accomplished this week however we’re seeing progress.
  • March 1 deadline not as essential as having a complete commerce deal.
  • Haven’t heard a lot about digital commerce and knowledge flows in commerce talks and so they can’t be forgotten within the combine.
  • Doesn’t count on any additional tariffs, enhance in present tariffs if talks are constructive.
  • Expects commerce talks to go previous March 1 deadline.

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