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Senior White House official denies US considering an intermediate trade with China



President Donald Trump answers questions from news media at the White House Oval Office in Washington, September 11, 2019.

Leah Millis | Reuters

A leading White House official said the United States "absolutely does not" consider interim trade with China.

Bloomberg News reported earlier Thursday the Trump administration discussed putting together a limited trade agreement that would delay and remove some China tariffs, citing five people familiar with the matter. The news had driven shares to peak sessions.

Shares paired most of the gains with large indices only changed after the senior White House official denied the report of such an interim agreement.

Trump on Wednesday announced that he would delay customs duties on $ 250 billion Chinese goods from October 1

to October 15 as a "gesture of goodwill" to China. The launch took place at the request of China's Deputy Prime Minister Liu He, the country's top trade negotiator, Trump said.

China said Thursday domestic companies have reached out to inquire about prices of US agricultural products. Trump later tweeted that it is expected that China will buy "large quantities" of US agricultural products.

The two countries agreed to meet in early October in Washington and hold discussions at the vice level leading up to the meeting to lay the groundwork. Deputy Prime Minister Liu said Thursday that the conversation next week will focus on trade balance, market access and investor protection.


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