KEY POINTS
  • The Wall Street Journal says the two sides have not even drafted an accord specifying the matters they agree and disagree on.
  • The report comes just a day after White House economic advisor Larry Kudlow said there is a "pretty sizable distance to go" before China and the U.S. reach a deal.
  • President Donald Trump also says that a meeting with Chinese President Xi Jinping will not take place before the crucial March deadline.
US President Donald Trump (L) and China's President Xi Jinping shake hands at a press conference following their meeting outside the Great Hall of the People in Beijing.
Artyom Ivanov | TASS | Getty Images

Trade talks between the U.S. and China are so far apart that neither side has put anything in writing yet, The Wall Street Journal reported Friday.

The Journal said the two sides have not even drafted an accord specifying the matters they agree and disagree on. The U.S. and China are trying to meet an early March trade deadline. If a deal is not struck before then, U.S. tariffs on Chinese goods will increase, barring some sort of extension.