China wants another round of talks before signing what U.S. President Donald Trump last week called 'a very substantial phase one deal' between the two countries, a source told CNBC on Monday.
Asia Pacific markets looked set to trade cautiously on Tuesday, following the previous day's rally, as new doubts emerged overnight about the U.S.-China partial trade deal.
China wants another round of talks before signing what U.S. President Donald Trump last week called "a very substantial phase one deal" between the two countries, a source told CNBC on Monday. U.S. Treasury Secretary Steven Mnuchin told CNBC on Monday he expects the mid-December round of tariffs to take effect if no deal is reached between the countries.
Asia Pacific markets looked set to trade cautiously on Tuesday, following the previous day's rally, as new doubts emerged overnight about the U.S.-China partial trade deal.in Japan, where markets were closed Monday for a public holiday.slipped 0.23% in early trade. The heavily weighted financial subindex was down 0.13% while the energy sector fell 0.69% and materials was down 0.99%.
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