US and China move closer to phase-one trade deal: Sources

The United States andChinaare movingcloserto agreeing on the amount of tariffs to be rolled back in aphase-onetradedeal,Bloombergreported on Wednesday, citing sources.

USPresident Donald Trump on Tuesday had said atradeagreement withChinamight have to wait until after the USpresidential election in November 2020, denting hopes of a resolution soon to a dispute that has weighed on the world economy.