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U.S. and China move closer to phase-one trade deal - Bloomberg

FILE PHOTO: Chinese staff members adjust U.S. and Chinese flags before the opening session of trade negotiations between U.S. and Chinese trade representatives in Beijing

(Reuters) - The United States and China are moving closer to agreeing on the amount of tariffs to be rolled back in a phase-one trade deal, Bloomberg reported on Wednesday, citing sources.

U.S. President Donald Trump on Tuesday had said a trade agreement with China might have to wait until after the U.S. presidential election in November 2020, denting hopes of a resolution soon to a dispute that has weighed on the world economy.


(Reporting by Shubham Kalia in Bengaluru; Editing by Andrew Heavens)