U.S. Commerce Secretary plays down possibility of trade agreement with China at G20
- 5 years ago
Despite expectations that the leaders of Washington and Beijing will hold trade talks at the upcoming G20 summit in Japan, the U.S. Commerce Secretary has downplayed the prospect of a breakthrough.
Speaking to CNBC on Monday, Wilbur Ross said the G20 meeting is not a place where U.S. President Trump and Chinese leader Xi Jinping can negotiate "a 2-thousand-5-hundred page" agreement.
However, he added that there could be some kind of agreement on the path forward.
Although Ross said the two sides will eventually make a trade deal, he emphasized that President Trump will impose additional tariffs if the fallout in talks continues.
Speaking to CNBC on Monday, Wilbur Ross said the G20 meeting is not a place where U.S. President Trump and Chinese leader Xi Jinping can negotiate "a 2-thousand-5-hundred page" agreement.
However, he added that there could be some kind of agreement on the path forward.
Although Ross said the two sides will eventually make a trade deal, he emphasized that President Trump will impose additional tariffs if the fallout in talks continues.