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Signs Indicate 'Phase One' Trade Concessions May Be All US, China Can Muster

Rob Garver

   Are China and the United States any closer to a broad trade agreement
   after more than 2½ years of talks?

   Leaders on both sides are routinely optimistic about reaching a deal,
   even if there are usually few specifics.

   Friday was no exception when U.S. trade representatives released a
   statement saying negotiators in the latest round "made progress in a
   variety of areas and are in the process of resolving outstanding
   issues."

   President Donald Trump and Chinese President Xi Jinping were expected
   to sign a preliminary deal, called "Phase One," during the Asia-Pacific
   Economic Cooperation summit, originally scheduled for Nov. 16-17 in
   Chile. However, Chilean President Sebastian Pinera on Wednesday threw
   those plans into disarray when he canceled the summit over spreading
   civil unrest in his country.

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