U.S., China poised to resume trade talks in October
The U.S.-China trade war is now looking to shrink as both countries agreed on Thursday to hold trade talks in Washington next month.
Chinese Vice Premier Liu H and U.S. Trade Representative Robert Lighthizer along with U.S. Treasury Secretary Steven Mnuchin had a phone conversation to finalize details for the upcoming trade talks according to the Chinese commerce ministry.
“Both sides agreed that they should work together and take practical actions to create good conditions for consultations,” the ministry furthered.
Gao Feng, the ministry spokesperson said that China is not looking to the possibility of escalating the trade war. He also said that the lead negotiators from both sides had a really good phone call and that they will strive to achieve substantial progress during the 13th Sino-U.S. high-level negotiations in early October. But before the October talks, the two countries will already be holding talks this month.
An official from the U.S. Trade Representative’s office confirmed the development and nodded the ministerial-level talks.
Trump had already said on Tuesday that he would be tougher on China in the trade talks.