BEIJING (Reuters) – China and the United States are very close to a phase one trade deal, the Global Times, a tabloid run by the ruling Communist Party’s official People’s Daily, said on Monday, discounting “negative” media reports.
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China also remains committed to continuing talks for a phase two and even a phase three deal with the United States, the Global Times said on its Twitter feed, citing experts close to the Chinese government.
Trade experts and people close to the White House said last week that completion of a “phase one” deal, which had been expected in November, could slide into the new year, as Beijing presses for more extensive tariff rollbacks and Washington counters with demands of its own.
Chinese foreign ministry spokesman Geng Shuang declined to comment specifically on the Global Times report during a daily press briefing on Monday but reiterated that Beijing would like Washington to work with it to resolve the outstanding trade issues on a basis of equality and mutual respect.
Global News 
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