{"id":58246,"date":"2020-01-11T15:00:11","date_gmt":"2020-01-11T07:00:11","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=58246"},"modified":"2020-01-11T15:00:12","modified_gmt":"2020-01-11T07:00:12","slug":"phase-two-china-trade-deal-may-come-after-us-election-pres-trump","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=58246","title":{"rendered":"\u2018Phase Two\u2019 China trade deal may come after US election: Pres Trump"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><a href=\"http:\/\/www.bssnews.net\/wp-content\/uploads\/2020\/01\/Phase-Two-China-trade-deal-may-come-after-US-election-Trump.jpg\"><img src=\"http:\/\/www.bssnews.net\/wp-content\/uploads\/2020\/01\/Phase-Two-China-trade-deal-may-come-after-US-election-Trump.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>WASHINGTON, Jan 11 (NNN-AGENCIES) &#8212; Negotiations for the second phase of a pending US-China trade deal will begin promptly but the outcome may wait until after this year\u2019s elections, President Donald Trump said.<\/p>\n\n\n\n<p>Trump\u2019s remarks come days before Beijing\u2019s trade envoy is due in Washington to sign a \u201cphase one\u201d agreement, marking a pause in the two sides\u2019 nearly two-year trade war.<\/p>\n\n\n\n<p>The US leader also openly cast doubt on whether American farmers would be able to supply China with the massive increases in agricultural exports expected to be part of the deal.<\/p>\n\n\n\n<p>\u201cWe\u2019ll start right away negotiating phase two. It will take a little time,\u201d Trump told reporters.<\/p>\n\n\n\n<p>\u201cI think I might want to wait to finish it until after the election because I think we can make a little bit better deal, maybe a lot better deal.\u201d<\/p>\n\n\n\n<p>After efforts to reach a grand bargain proved elusive last year, the two sides agreed in December to a partial deal addressing only some of Washington\u2019s grievances about Chinese trade practices.<\/p>\n\n\n\n<p>As part of the \u201cPhase One\u201d deal, China has committed to a minimum of $200 billion in increased purchases over the next two years from the United States, including $50 billion in additional farm exports, according to US Trade Representative Robert Lighthizer.<\/p>\n\n\n\n<p>Annual US farm exports to China peaked in 2012 at $26 billion, a time when commodity prices were higher.<\/p>\n\n\n\n<p>\u201cThe big question I have is whether or not the farmers will be able to supply all that much more,\u201d Trump said. \u201cIt\u2019s the biggest contract ever signed.\u201d<\/p>\n\n\n\n<p>Earlier on Thursday, China\u2019s commerce ministry confirmed Vice Premier Liu He will travel to Washington next week to sign the \u201cPhase One\u201d agreement.<\/p>\n\n\n\n<p>Markets have been cheered in recent weeks by the continued cooling of trade frictions between Washington and Beijing. &#8212; NNN-AGENCIES<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, Jan 11 (NNN-AGENCIES) &#8212; Negotiations for the second phase of a pending US-China trade deal will begin promptly but the outcome may wait until after this year\u2019s elections, President Donald Trump said. Trump\u2019s remarks come days before Beijing\u2019s trade envoy is due in Washington to sign a \u201cphase one\u201d agreement, marking a pause in [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[208,215],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/58246"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58246"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/58246\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58246"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}