Delaying Trade Deal Beyond 2020 May Deprive China Of Advantage - US Commerce Secretary
Faizan Hashmi 12 days ago Tue 03rd December 2019 | 11:26 PM
Delaying a trade deal with China until after the 2020 US election may deprive Beijing of the advantage it thinks it has over President Donald Trump, US Commerce Secretary Wilbur Ross said in an interview on Tuesday
"That takes off the table something that they may think gives them some leverage," Ross told CNBC. "Because once the election occurs - and the president seems to be in very good shape for the election - once it occurs and he's back in, now that's no longer a distraction that can detract from our negotiating position."
The president said he does not have a deadline and likes the idea of waiting until after the election for the China deal. Trump says they will want to see whether or not the deal is going to be right.
Until last week, officials in the Trump administration had maintained that Washington and Beijing were close to the phase one of a deal to end the bitter 16-month trade wrangle between the two countries.
But the mood appeared to have changed after Trump's signing of two US bills endorsing Washington's support for pre-democracy fighters in Hong Kong against Chinese rule - an action that Beijing clearly disapproved.