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China said this month it expected the US lift tariffs as part of a broader agreement on technology rules, farm purchases, and financial-sector access.
"Like the perpetual drunk droning on, the regulars have stopped listening," one analyst told Business Insider.
By covering more consumer products, any further tariff increases would hit households harder than in previous rounds.
The effects of trade tensions between the Trump administration and China have grown increasingly evident in the largest economies in recent months.
The two sides have clashed over whether tariff rollbacks should be included in the first stage of the interim agreement.
Trade tensions with China have raised alarm in American households, undermining one of the brightest spots in an economy otherwise expected to slow.
China has resisted key US demands including agricultural quotas and efforts to scale back the forced transfer of technology.
A $50 billion quota would be more than double the amount of agricultural products that China imported from the US in 2017.
Businesses and investors around the globe were watching closely for signs that negotiations remained on track in Trump's speech at Economic Club.
The Swiss bank expects GDP growth to average at 1.1% in 2020. "The trade war has had a greater effect on the economy than we had expected," it said.