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Wed Oct 30, 2019, 11:29 PM

Trump-Xi Trade Deal Hits Another Hurdle After Chile Cancels APEC

(Bloomberg) -- President Donald Trump’s plan to ink the first installment of a trade accord with Xi Jinping next month was thrown into question Wednesday after Chile canceled an upcoming summit where the two leaders had planned to meet.

The cancellation -- announced earlier Wednesday by Chile as social unrest continued to rock Santiago -- appeared to catch the White House off guard. But the administration insisted that it would continue to press to finalize the “phase one” agreement in coming weeks.

It wasn’t clear whether American officials would be able to find an alternate venue for a meeting with Xi. Organizers of the Asia-Pacific Economic Cooperation summit indicated they had no plans to hold the event elsewhere.

Three people familiar with the state of U.S.-China discussions said the teams have been looking at other locations in recent weeks as demonstrations that caused the cancellation of the APEC summit escalated in Chile.

https://www.msn.com/en-us/money/markets/trump-xi-trade-deal-hits-another-hurdle-after-chile-cancels-apec/ar-AAJA4xq?li=BBnbfcL

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