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Economics

U.S. Prepares Final China Trade Deal as Hawks Urge Caution

  • Mnuchin says sides are working on 150-page detailed agreement
  • U.S. is considering a Trump-Xi summit as early as mid-March
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Larry Kudlow said the U.S. and China are on the cusp of an “historic” trade deal. Bloomberg’s Jenny Leonard reports.(Source: Bloomberg)
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U.S. officials are preparing a final trade deal that President Donald Trump and his Chinese counterpart Xi Jinping could sign in weeks, people familiar with the matter said, even as a debate continues in Washington over whether to push Beijing for more concessions.

The U.S. is eyeing a summit between the two presidents as soon as mid-March, said one of the people, who spoke on condition of anonymity because the preparations are confidential. The planning has been complicated by Xi’s need to lead China’s annual National People’s Congress in early March, as well as make other foreign trips, the people said.