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  HOME | Business & Economy (Click here for more)

Chinese Delegation to Visit US before High-Level Trade Talks

SHANGHAI – China confirmed on Tuesday that it would send a delegation to the United States to prepare a new round of high-level trade talks scheduled for October.

Chinese state news agency Xinhua published an announcement in which it said Liao Min, China’s vice finance minister, would lead the delegation set to visit the US on Wednesday.

Weeks after economic tensions escalated between the two superpowers, both have now expressed intentions to reach an agreement that ends the trade war.

China announced last week that it would drop additional tariffs imposed on certain US products. In turn, US President Donald Trump delayed increasing tariffs on Chinese products from 25 percent to 30 percent.

The Chinese government then exempted US pork and soybeans, along with other agricultural products, from being subject to punitive tariffs.

 

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