US Chamber of Commerce official: Don't expect final trade deal to be done this week

According to Reuters, an official for the U.S. Chamber of Commerce said that despite the progress, it was unlikely to see a U.S.-China trade get finalised this week.

Key quotes

• Gaps do remain in U.S.-China trade talks, particularly around structural issues.
• Want to end tariffs as soon as possible.
• Cost of tariffs continues to mount.
• Don't expect final trade deal to be done this week but we are seeing progress.
• March 1 deadline not as important as having a comprehensive trade deal.
• Haven’t heard much about digital trade and data flows in trade talks and they can’t be forgotten in the mix.
• Does not expect any further tariffs, increase in current tariffs if talks are constructive.
• Expects trade talks to go past March 1 deadline.