October 14, 2019 / 10:27 AM / a month ago

China wants more talks before signing Trump's 'Phase 1' deal: Bloomberg

FILE PHOTO: U.S. President Donald Trump poses for a photo with China's President Xi Jinping before their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque/File Photo

(Reuters) - China wants more talks as soon as the end of October to hammer out the details of the “phase one” trade deal outlined by U.S. President Donald Trump before Chinese President Xi Jinping agrees to sign it, Bloomberg reported on Monday, citing people familiar with the matter.

Beijing may send a delegation led by Chinese Vice Premier Liu He to finalize a written deal that could be signed by the two leaders at the Asia-Pacific Cooperation summit next month in Chile, Bloomberg said.

China wants Trump to also scrap a planned tariff hike in December in addition to the hike scheduled for this week, the report added.

Reporting by Rama Venkat in Bengaluru; Editing by Alex Richardson

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