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US ‘miles and miles’ away from trade deal with China, Ross says

US ‘miles and miles’ away from trade deal with China, Ross says

Commerce Secretary Wilbur Ross said Thursday that the U.S. and China are still “miles and miles” away from reaching an agreement in their ongoing trade dispute after briefly agreeing to a ceasefire on tariffs.
He added that a 30-member delegation from China is scheduled to arrive in Washington, D.C., next week for further negotiations ahead of a March 1 deadline to come to an agreement.
“There is a very large group coming. There’s been a lot of anticipatory work done, but we’re miles and miles from getting a resolution and frankly, that shouldn’t be too surprising,” Ross said, according to Reuters.
“Trade is very complicated, there’s lots and lots of issues,” he added.
Ross added that he thinks “there’s a fair chance we do get to a deal.”
China and the U.S. have already exchanged tariffs on billions of dollars worth of goods, and President Trump has pledged further tariffs if the two sides can’t reach a deal by March.
Trump has said that he will increase tariffs from 10 percent to 25 percent on $200 billion worth of Chinese goods if no deal is reached.
Ross reportedly said Thursday that here is “quite a little bit of time” until that deadline.
“So there’s quite a little bit of time between now and then to judge just where do we stand, is it worth going forward or have we reached an impasse?” he said.