US Treasury Secretary Stephen Mnuchin said on Thursday that Washington and Beijing would sign the “first phase” of the trade deal in early January, adding that the agreement was fully completed and only undergoes a technical “purge”.

Mnuchin, during the meeting with reporters in the White House, said that the deal has already been completed in writing, translated and the language is not subject to revision.

“I do not expect any changes. We will sign the agreement in early January,” Mnuchin said.

Attention will be focused on the implementation of the first phase, which envisages an almost twofold increase in US exports to China in the next two years, he added.

Overall, China’s increase in US purchases of agricultural, energy, industrial products and services will add US GDP at about half a percentage point over the next two years, the finance minister told CNBC.

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