U.S. and Chinese trade officials held a 'constructive' phone conversat...
WASHINGTON/NEW YORK - U.S. and Chinese trade officials held a “constructive” phone conversation on Tuesday, White House economic adviser Larry Kudlow said, marking a new round of talks after the world’s two largest economies agreed to a truce in a year-long trade war.
Kudlow said the talks “went well” and were constructive. He said the two sides were talking about a face-to-face meeting, but warned that there was not a magic way to reach what has so far been an elusive deal. The United States and China agreed during a Group of 20 nations summit in Japan last month to resume discussions, easing fears of an escalation. After meeting with Chinese President Xi Jinping at the G20, U.S. President Donald Trump agreed to suspend a new round of tariffs on $300 billion worth of imported Chinese consumer goods while the two sides resumed negotiations.
A face-to-face meeting between the two negotiating teams would be a good thing and could take place in Beijing, Kudlow said, but no details were available yet. Trump said in Osaka that China would restart large purchases of U.S. agricultural commodities, and the United States would ease some export restrictions on Chinese telecom equipment giant Huawei Technologies.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. expects China to buy farm products during trade talks: KudlowWhite House economic adviser Larry Kudlow on Tuesday said China was expected to ...
Read more »
U.S. seeks death penalty for 'calculated' murder of Chinese grad studentU.S. prosecutors argued on Monday that an Illinois man who kidnapped, raped and ...
Read more »
German diplomat tells U.S., EU: don't use agriculture to block trade dealThe United States and European Union should use common sense to move forward wit...
Read more »
Stock futures fall on concerns over U.S.-China trade falloutU.S. stock futures fell on Tuesday as investors worried over a hit to earnings f...
Read more »