Trump says phase one of China trade deal is ‘ahead of schedule’

“So we’re about, I would say, a little bit ahead of schedule, maybe a lot ahead of schedule,” the president said. “Probably, we’ll sign it.”

On Friday, Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke with China’s Vice Premier Liu He about the deal and signaled progress on negotiations over the weekend.

The Office of the U.S. Trade Representative released a statement following the call, noting that both parties “made headway on specific issues.”

It was announced earlier this month that Beijing would buy $40 billion to $50 billion of U.S. agricultural products, in exchange for a stop on the United States’ scheduled Oct. 15 tariff increase. Officials, however, have left open the potential for a tariff increase Dec. 15.