According to U.S. and Beijing officials, lawmakers and trade experts a “phase two” trade deal between the United States and China is looking less likely as the “phase one” agreement did not get through yet.
Many Chinese companies in the US have been scaling back. In October President Trump said that the second phase would focus on that China steals U.S. intellectual property by forcing US companies to transfer their technology to Chinese rivals.
Officials of the Chinese Goverment say they don’t see themselves sitting down with President Trump to discuss a phase two deal before the U.S. 2020 elections, because they want to wait to see if President Trump wins a second term.
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