U.S., Chinese teams working on Phase 1 trade deal text: Mnuchin

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U.S., Chinese teams working on Phase 1 trade deal text: Mnuchin
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U.S. and Chinese trade negotiators are working on nailing down a Phase 1 trade d...

U.S. Treasury Secretary Steve Mnuchin speaks about sanctions against Turkey at a news briefing at the White House in Washington, U.S., October 11, 2019. REUTERS/Yuri Gripas

Mnuchin, in a wide-ranging news conference at the Treasury, said that there was no invitation from Beijing for another high level meeting with Vice Premier Liu He on the trade deal outlined last week, but deputies were holding phone conferences this week. Mnuchin said it was likely that he and U.S. Trade Representative Robert Lighthizer would meet with Liu in Santiago, Chile, before President Donald Trump and Chinese President Xi Jinping are due to meet at a Nov. 16-17 summit of Asia-Pacific Economic Cooperation countries.

The Treasury chief, who has played a central role in the U.S.-China trade negotiations, dismissed suggestions that China had not agreed with the United States on the substance of the initial phase outlined by Trump last Friday.

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