The US and China don’t even have a trade deal draft yet as deadline approaches

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.