Top US and Chinese trade negotiators are due to speak by telephone in the coming days, but no face-to-face talks have been scheduled yet, US Treasury Secretary Steven Mnuchin said on Monday.
That would be the second call in two weeks by senior officials from Washington and Beijing as the thaw in fraught trade negotiations continues.
“We expect to have another principal-level call this week,” Mnuchin told reporters on Monday.
“To the extent we make significant progress, there’s a good chance we’ll go there later.”
President Donald Trump and his Chinese counterpart last month agreed to resume trade talks after discussions collapsed in early May when the American side accused Beijing of reneging on key commitments.
As a result, Trump jacked up duty rates on $200 billion in Chinese imports but agreed last month not to move forward with another $300 billion in import duties.
He said on Monday the tariffs are starting to bite on the Chinese economy, which saw its economic growth hit the slowest pace in 27 years.
“This is why China wants to make a deal....with the US, and wishes it had not broken the original deal in the first place,” Trump tweeted.
He continues to insist incorrectly that tariffs are paid by China rather than by US companies and consumers, and again accused Beijing of devaluing its currency to make its products cheaper even with the tariffs.
Washington and Beijing have hit each other with punitive tariffs covering more than $360 billion in two-way trade.
Mnuchin and US Trade Representative Robert Lighthizer had a phone conversation last week with China’s Vice Premier Liu He and Commerce Minister Zhong Shan.
China says US trade issues are ‘definitely’ resolvableChina said on Thursday that the thorny trade issues plaguing relations with the United States are resolvable after fractious talks between the ... Economy
US, China negotiators resume trade war talksTop US and Chinese negotiators held phone talks on Tuesday as the world’s top two economies seek to resolve their trade war, more than a week ... Economy
China’s Huawei awaits US Commerce nod on resuming usage of Google AndroidChina’s Huawei said on Monday it is awaiting guidance from the US Department of Commerce on whether it can resume using Google’s Android ... Technology
Trump says any China trade deal would need to be somewhat tilted in US favorPresident Donald Trump said on Monday that trade talks with China were under way and any deal would need to be somewhat tilted in favor of the United ... Economy