U.S. Commerce chief: U.S.-China trade deal doesn't need to be inked next month

The so-called phase one trade deal between the United States and China does not need to be finalized next month, U.S. Commerce Secretary said on Monday, adding that pact needed to be "right."

"It has to be the right deal, and it doesn't have to be in November," Ross told Fox Business Network in a television interview. "It's more critical that it be a proper deal that exactly when it occurs."