Bloomberg: U.S. Presses China for Stable Yuan as Trade Talks Progress, Sources Say20 February 2019 | 03:03 | FOCUS News Agency
Officials from the two countries are discussing how to address currency policy in a “Memorandum of Understanding” that would form the basis of a deal that ultimately will have to be approved by President Donald Trump and his Chinese counterpart Xi Jinping, according to several people involved in and briefed on the discussions.
While the precise wording remains unresolved, a pledge of yuan stability has been discussed in multiple rounds of talks in recent months and both sides have tentatively agreed it will be part of the framework of any final deal. Negotiations resume Tuesday in Washington and are scheduled to continue through Friday as a March 1 deadline for higher U.S. tariffs approaches.
A spokesman for the U.S. Trade Representative’s office, which is leading talks for the White House, didn’t immediately respond to a request for comment.
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