Washington and Beijing ‘miles and miles’ from trade resolution, says US Commerce Secretary Wilbur Ross

US Commerce Secretary Wilbur Ross on Thursday downplayed the possibility for a quick breakthrough next week to resolve deep-rooted conflicts in the US-China trade talks. “There has been a lot of anticipatory work done. But we are miles and miles from getting a resolution,” Ross said.

In an interview with CNBC’s Squawk Box, Ross said China was sending a large delegation of around 30 people to Washington for the trade meetings on January 30-31. Chinese Vice-Premier Liu He will lead a delegation to meet US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin and attempt to put a brake on the trade war by March 1. “Trade is complicated,” Ross said. “There are lots and lots of issues.”

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