The United States is still “miles and miles” away from a trade deal with China, American trade minister Wilbur Ross said on news channel CNBC.

According to Ross, this fact should not be a big surprise, because everything is so “complex”. After all, there are a lot of issues, he said. Ross also referred to “structural reforms” which the Americans believe are necessary in China. There should also be agreement on punitive measures that can be imposed if parties (it is China) do not keep their promises.

The US and China have previously agreed a cease-fire in the trade war, with no new tariffs being imposed. The deadline expires on 1 March. According to Ross, there is little time left to cut through. President Donald Trump has already threatened to impose more tariffs on China if no trade deal will be reached.

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