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US-China trade deal likely post elections in US

US President Donald Trump indicated that the White House’s trade war with China might not materialise until after the 2020 presidential election to be held next November. “In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right,” Trump said in his interaction with the media.

The next deadline to conclude a deal is Dec. 15. Trump has threatened to impose 15% levies on an additional US$ 160 billion in Chinese goods if an agreement is not reached by that date.