KEY POINTS
  • The U.S. and China may announce a trade deal by next Friday, sources tell CNBC.
  • The world's two largest economies have pushed for an agreement to end an ongoing trade dispute.
  • While Washington and Beijing have repeatedly cited progress in the talks, some sticking points have prevented a final agreement.

The announcement of a U.S. trade deal with China is "possible" by next Friday, sources told CNBC on Wednesday.

A U.S. delegation met with Chinese negotiators in Beijing on Wednesday as the world's two largest economies try to hammer out details of an agreement. Chinese Vice Premier Liu He will travel to Washington for talks next week.