Beijing strategy now to talk but wait due to impeachment, US election

Mood in Beijing about trade deal is pessimistic, government source tells CNBC

From cnbc.com Watch this video at https://www.metalsmine.com/news/963535-beijing-strategy-now-to-talk-but-wait-due.

The mood in Beijing about a trade deal is pessimistic due to President Donald Trump’s reluctance to roll back tariffs, which China believed the U.S. had agreed to, a government source told CNBC’s Eunice Yoon. The U.S. and China agreed to work on a limited “phase one” trade deal in early October. China has pushed for a removal of the additional duties imposed on each other’s products in different phases, as part of the deal. Chinese Commerce Ministry spokesperson Gao Feng said earlier this month the two sides have reached an agreement on the tariff rollback. However, Trump said last week he has not agreed to scrap tariffs on Chinese goods, conflicting the signal from China and dampening hopes about a coming resolution to a jarring trade conflict. The trade war between the world’s two largest economies have dragged on for nearly two years. The Trump administration has slapped tariffs on