The United States and China are working to narrow their differences enough to sign a “phase one” trade deal as early as this month, but suggestions for a signing venue range from Alaska to Greece.
U.S. President Donald Trump said he and Chinese President Xi Jinping could sign the agreement in Iowa, a state with historical connections to Xi, and one that would benefit from increased Chinese purchases of U.S. farm goods.
On the other hand, one Chinese official said Beijing was floating the possibility of a meeting in Greece, where Xi is due to arrive on Sunday, after which he will head to Brazil for a summit of major emerging market countries which starts Nov. 13.
Multiple sources briefed on the trade talks in the United States said a signing in Greece was unlikely. Greek government officials said that so far, there had been no indication of a request for such a ceremony during Xi’s visit.
Instead, the two sides could choose a relative halfway point such as Hawaii or Alaska, multiple U.S. sources said.
“There was a suggestion about Alaska, there was a suggestion about Hawaii. I’m sure the Chinese will have some suggestions in China,” U.S. Commerce Secretary Wilbur Ross told Bloomberg TV on Nov. 4, adding “that should be the easiest part of the whole thing to negotiate.”
The lack of consensus on a signing location reflects the fluid nature of the talks. Final details have yet to be nailed down, including an enforcement mechanism and the extent of tariff relief for China.
It also reflects how politically charged any venue may be. After 16 months of public posturing and tit-for-tat tariffs, neither leader wants to appear weak at home or to foreign rivals, trade experts said. [full story reuters]