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U.S and China to hold trade talks in Beijing in January

U.S. President Donald Trump and China's President Xi Jinping

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U.S and China to hold trade talks in Beijing in January

A U.S. government delegation will travel to Beijing the week of Jan. 7 to hold trade talks with Chinese officials, two people familiar with the matter said.

Deputy U.S. Trade Representative Jeffrey Gerrish will lead the Trump administration’s team, which will also include Treasury Undersecretary for International Affairs David Malpass, the people said. Neither the USTR nor the Treasury responded to requests for comment.

Next month’s meeting will be the first face-to-face discussion the two sides have held since President Trump and Chinese President Xi Jinping agreed on a temporary truce in Argentina this month. Treasury Secretary Steven Mnuchin said last week that the U.S. team and its counterparts have held discussions over the phone.

Trump has agreed to put on hold a scheduled increase in tariffs on about $200 billion in annual imports from China while the negotiations take place through March 1. Beijing has agreed to resume buying American soybeans and at least temporarily lower retaliatory tariffs on U.S. autos.

Source : Bloomberg 

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