US commerce chief says initial China trade deal in sight

Wilbur Ross sidesteps report of Trump rolling back tariffs on $112bn of goods

20191105 Ross

U.S. Secretary of Commerce Wilbur Ross, left, shakes hands with China's Premier Li Keqiang at a bilateral meeting on the sidelines of the Association of Southeast Asian Nations summit in Bangkok on Monday. © Reuters

FRANCESCA REGALADO, Nikkei staff writer

TOKYO -- Wilbur Ross, the U.S. commerce secretary, is "reasonably optimistic" about a swift signing of an initial agreement to resolve over a year of trade tensions between the U.S. and China.

"We're making very good progress toward the completion of Phase 1 negotiations with the People's Republic of China," Ross told reporters on Tuesday in a phone briefing from Bangkok, where he had attended the Association of Southeast Asian Nations summit.

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