( Updates with brand-new sourcing, includes background)
By Andrea Shalal
WASHINGTON, Dec 12 (Reuters) – The United States has reached a “phase-one” trade handle concept with China, a source informed on talks between the two nations said on Thursday, saying a statement from the White Home was anticipated soon.
Trump was set up to gather with his leading trade advisors at 2: 30 p.m. (1930 GMT) on Thursday. Ahead of the conference, U.S. Trade Agent Robert Lighthizer told senators that announcements were potentially “imminent” on U.S. tariffs, senior Republican Senator John Cornyn informed reporters.
Bloomberg News was very first to report a handle concept had actually been reached.
U.S. negotiators have actually provided to minimize tariffs on about $375 billion in Chinese products by 50?ross the board, two individuals acquainted with the negotiations said, and suspend tariffs on $160 billion in products arranged to enter into effect on Sunday.
( Reporting by Andrea Shalal; Modifying by Tim Ahmann and Chizu Nomiyama)