• US, China Due To Discuss 'Phase 1' Trade Deal Amid Pandemic

Photo: Yonhap News
Photo: Yonhap News
The United States and China are expected to discuss this weekend the "phase one" trade deal they signed earlier this year before the coronavirus pandemic slammed the global economy.

Washington and Beijing's deal in January represented a partial truce in their months-long trade war.

It called for Beijing to import an additional 200 billion dollars in American products over two years, ranging from cars to oil to farm products.

But purchases of those goods have been lagging amid the pandemic.

Meanwhile, U.S. President Donald Trump has stepped up rhetoric against China, ahead of the presidential election in November, blaming the country for the coronavirus and criticizing its handling of Hong Kong,

According to AFP, neither the U.S. or China have confirmed the talks, but their deal mandates meetings every six months after it takes effect, which would be Saturday.

Overall, analysts don't expect the talks to produce major changes in the agreement unless Trump decides to make a political move in the run-up to the U.S. election.
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