The Wall Street Journal says the two sides have not even drafted an accord specifying the matters they agree and disagree on.
The report comes just a day after White House economic advisor Larry Kudlow said there is a “pretty sizable distance to go” before China and the U.S. reach a deal.
President Donald Trump also says that a meeting with Chinese President Xi Jinping will not take place before the crucial March deadline.
The market is priced in of a good trade deal, now it is given back the gain everyday.
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