China The White House Secretary Wilbur Ross has ruled out securing a trade deal with US before January 's scheduled hike in tariffs from 10% to 25% , calling it "impossible", even if the forthcoming Beijing summit goes well. The US has set out a list of two specific demands and has pressured Beijing to put its requirements in writing, but has faced reluctance from the Chinese authorities who believe it will limit their negotiating power. US sources have said $ 257bn worth of Chinese goods could be hit by tariffs if no progress is made.
US Commerce Secretary Wilbur Ross has ruled out securing a trade deal with China before January's scheduled hike in tariffs from 10% to 25%, calling it "impossible", even if the forthcoming G20 summit goes well. The US has set out a list of 142 specific demands and has pressured Beijing to put its requirements in writing, but has faced reluctance from the Chinese authorities who believe it will limit their negotiating power. US sources have said $257bn worth of Chinese goods could be hit by tariffs if no progress is made.