- Negotiations are in the “final stages” as the two sides plan a summit for the end of March at Mar-a-Lago, sources say.
- If a deal is reached, the U.S. could roll back tariffs on at least $200 billion in Chinese goods while China could remove or cut industry-specific levies like autos.
China and the U.S. are approaching the finish line on trade negotiations that could end later this month, according to three sources.
Negotiations are in the “final stages” as the two sides plan a summit for the end of March at Mar-a-Lago, President Donald Trump’s Florida resort, sources told CNBC. If a deal is reached, the U.S. could roll back tariffs on at least $200 billion in Chinese goods while China could remove or cut industry-specific levies like those on autos.
China’s National People’s Congress is also expected to pass a new foreign investment law that would change equity ownership rules, and potentially have language about state-owned enterprise subsidies and forced tech transfers. However, CNBC sources are doubtful about how strong the language would be on the latter part.
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