Xi, Trump have been in touch all along on trade deal

The clock continues to tick toward the potential signing of a trade deal between the U.S. and China or at least the first phase of one.

Continue Reading Below

China's President Xi Jinping and President Trump have been in touch all along according to the Chinese Foreign Ministry, reported by Reuters.

Ministry spokesman Geng Shuang made the comments Monday at a daily news briefing in Beijing.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

It is still being decided when and where the two leaders might meet for a potential signing ceremony.

On Sunday, Commerce Secretary Wilbur Ross said the deal could be potentially signed anywhere from Iowa, Alaska, Hawaii or somewhere in China.

CHINA'S ECONOMIC GROWTH SINKS TO A 26-YEAR LOW

The job right now for U.S. and Chinese negotiators is to put the finishing touches on a 'phase one' agreement for Trump and Xi to sign this month.

Coming up Dec. 15 is when new U.S. tariffs on Chinese imports such as laptops, toys and electronics are set to kick in.

CLICK HERE TO READ MORE ON FOX BUSINESS

Both sides are interested in avoiding those tariffs.