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U.S., China Are Working on Multiple Memorandums for Trade Deal

  • Five MoUs would cover main points of the bilateral dispute
  • U.S. also seeking to get the yuan included in any deal
Bloomberg business news
Steve Brice, chief investment strategist at Standard Chartered Private Bank, discusses the U.S.-China trade talks.(Source: Bloomberg)
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U.S. and Chinese negotiators are working on multiple memorandums of understanding that would form the basis of a final trade deal, according to a person briefed on the talks.

The MoUs would cover areas including agriculture, non-tariff barriers, services, technology transfer and intellectual property, said the person, who asked not to be identified because the discussions are private. The enforcement mechanism remains unclear, but would likely be a threat that tariffs would be reimposed if conditions aren’t met, the person said.