US Commerce Secretary Wilbur Ross says the United States and China are still far away from resolving their trade dispute but there is a chance the two countries may reach an agreement.
In an interview with CNBC on Thursday, Ross tried to lower expectations for a trade deal between the US and China during high-level talks next week in Washington.
“There is a very large group coming. There’s been a lot of anticipatory work done but we’re miles and miles from getting a resolution and frankly that shouldn’t be too surprising,” Ross said.
“Trade is very complicated, there’s lots and lots of issues – not just how many soybeans and how much LNG.”
The US commerce secretary said Washington believes Beijing must carry out structural reforms in the Chinese economy and there should be a mechanism involving enforcement and verification of whatever is agreed to.
Ross said the two sides were unlikely to resolve all their disputes in next…