US Commerce Secretary turns down hopes of quick trade resolution with China

The United States and China are a long way from resolving trade issues with China but there is a fair chance the two countries will get to a trade deal, Commerce Secretary Wilbur Ross said on Thursday.

Ross noted that a large Chinese delegation of about 30 people plans to come to Washington next week for a round of trade talks but said it was too early to judge where the talks were headed. The world's two largest economies are trying to meet a March 1 deadline to resolve their trade disputes.