Chinese and American trade negotiators continue to wrestle with exactly which trade tariffs will be removed as part of a “phase one” deal between China and the United States and under what conditions, sources from both sides told the South China Morning Post, offering a possible explanation over the lack of visible progress. There is still some modicum of optimism that a watered-down deal can be reached before new US tariffs go into effect on December 15, but even if the deal proves elusive, sources say it is likely they will be at least postponed. It is understood neither side wants the 15 per cent tariff on US$156 ... (full story)