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A senior White House official said the U.S. is "absolutely not" considering an interim trade deal with China.
Bloomberg News reported earlier Thursday the Trump administration discussed putting together a limited trade deal that would delay and remove some China tariffs, quoting five people familiar with the matter. The news had driven stocks to highs session.
Stocks pared gains after the senior White House official denied the report on such an interim deal.
Trump on Wednesday announced he would delay the tariffs on $ 250 billion worth of Chinese goods from Oct. 1 to Oct. 15 as a "gesture of good will" to China. The postponement was at the request of China Vice Premier Liu He, the nation's top trade negotiator, Trump said.
China said Thursday domestic products have reached out to inquire about prices of U.S. agricultural products. China will be buying large amounts of U.S. farm goods.
The two countries agreed to meet in early October in Washington and hold deputy-level discussions leading up to the meeting to lay the groundwork. Vice Premier Liu said Thursday the talks next week will focus on trade balance, market access and investor protection.
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