Washington and Beijing are “miles and miles” from resolving their trade war, US Commerce Secretary Wilbur Ross said Thursday.

A high-level Chinese delegation is due in Washington next week as both sides work to reach a resolution ahead before March 1, when US duty rates on Chinese imports are due to rise sharply.

“There’s been a lot of anticipatory work done but we’re miles and miles from getting a resolution and that shouldn’t be too surprising,” Ross told CNBC.

Wall Street futures suddenly fell during his remarks, which came a day after the White House had moved to rebut media reports that the China trade talks had hit serious obstacles.

Source: AFP