Proper U.S.-China trade deal more important than timing: Wilbur Ross

(Reuters) – U.S. Commerce Secretary Wilbur Ross on Tuesday said it was more important to get a proper trade agreement with China than to get the deal done by this December or next December – after the 2020 presidential election. Ross told Reuters in an interview that the world’s two largest economies still needed to work out details about China’s purchases of farm products, some structural issues and an enforcement mechanism to complete an interim trade agreement. Related CoverageHuawei urging suppliers to break the law by moving offshore: RossU.S. has not ruled out imposing tariffs on imported autos: Commerce chief RossTrump, speaking in Europe, on Tuesday said an interim trade deal with China could slip until after the U.S. presidential election in November 2020, denting hopes for an quick end to a 17-month trade war that is weighing on global growth. “The point he was trying to make is we need a proper deal, and whether it comes this December, or it’s next December, or some other date is much less important than getting a proper deal,” Ross said. He said he expected U.S. President Donald Trump to win the 2020 presidential election. But if Trump lost and no deal had been reached with China, the issue would be “somebody else’s problem.”

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