The amount of tariff relief that would come in the first phase, set to be signed in the coming weeks, would depend on the content of that agreement, spokesman Gao Feng said
China's commerce ministry said the countries have agreed to cancel tariffs in phases
U.S. locations for a Trump-Xi meeting that had been proposed by the White House, including Iowa and Alaska, have been ruled out
The official, who spoke on condition of anonymity, said it was still possible the "phase one" agreement aimed at ending a damaging trade war would not be reached, but a deal was more likely than not
The official, who spoke on condition of anonymity, said it was still possible the "phase one" agreement aimed at ending a damaging trade war would not be reached, but a deal was more likely than not
The study, Trade and trade diversion effects of United States tariffs on China, shows that the ongoing US-China trade war has resulted in a sharp decline in bilateral trade
Beijing and Washington have been locked in a trade feud for the past 16 months
Chinese officials also suggested the US could temporarily waive some tariffs, people familiar with Beijing's position said
The deal is widely expected to include a U.S. pledge to scrap tariffs scheduled for December 15 on about $156 billion worth of Chinese imports
The Dow Jones Industrial Average rose 54.70 points, or 0.20%, at the open to 27,402.06
In the international market, both gold and silver prices were quoting lower at USD 1,509 per ounce and USD 18.08 an ounce.
According to a Bloomberg report, US President Donald Trump said he was exploring several locations to sign the first phase of a trade agreement with China, including Iowa.
More than three-quarters of Chinese consumers surveyed said they'll reconsider buying from American companies during the Singles' Day shopping event on Nov. 1
Discussions are underway over holding the signing in Iowa
The White House had no immediate comment on the report
Despite the success of 5G networks at home, Chinese telecom equipment giants have faced regulatory push back abroad
The surest way out would be for governments to work together, while moving to bolster growth at home
Authorities have said that they plan to install over 50,000 5G base stations across 50 Chinese cities in the country by the end of this year, and that big cities
The Fed said it will 'monitor the implications of incoming information for the economic outlook as it assesses the appropriate path' of its target interest rate
The Fed is scheduled to release its latest policy decision at 2 pm EDT (1800 GMT)