Business Maverick: China Hails `New Consensus’ on Trade, Though Deal Not Ready Yet

Through a message passed to Trump via Vice Premier Liu He, Xi called for an early conclusion to negotiations and said that strategic leadership was needed to ensure healthy and stable U.S.-China relations, the official Xinhua News Agency said.

“We have a ways to go,” Trump told reporters at a meeting Thursday with Liu at the White House. “We are rounding the turn.” Trump’s remarks prolong the uncertainty over whether the world’s two-biggest economies can end their nine-month trade war, which has disrupted supply chains, whipsawed markets, and weighed on the world economy. International Monetary Fund Managing Director Christine Lagarde this week warned both sides to avoid the “self-inflicted” wound of a protracted trade conflict.

Trump said the remaining sticking points are intellectual-property protection, tariffs and enforcement of the deal. He said he would discuss tariffs with Liu in their meeting but didn’t elaborate. “We’ve agreed to far more than we have left to agree to,” he said.

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