The deputy US Trade Representative Jeffrey Gerrish will lead a delegation to Beijing in early January for the first face-to-face talks after a truce in tariff war between two countries, Bloomberg News reports.
Chinese Ministry of Commerce spokesman Gao Feng confirmed that the two sides planned to sit down for talks next month, although he didn't provide a date for the meeting during his regular briefing in Beijing on Thursday.
Treasury Secretary Steven Mnuchin did tell Bloomberg the two sides have had phone discussions since then.
BEIJING, Dec 28 (Reuters) - China has opened the door to imports of rice from the United States for the first time ever in what analysts took to signal a warming of relations between the world's two biggest economies after a frosty year marked by tensions and tit-for-tat tariffs. China has also said it will suspend additional tariffs on US-made vehicles and auto parts for three months starting Jan 1, adding that it hopes both sides can speed up negotiations to remove all additional tariffs on each other's goods.
China's customs administration approved USA rice imports on Thursday, a move that comes during a 90-day tariff truce between the two countries, which are engaged in a bruising trade war. Visit MarketWatch.com for more information on this news. The two leaders also settled to continue their negotiations while the United States rescheduled it planned tariff increase which was supposed to be implemented on January 1.
The two countries have been in close communication even during the holiday period, he said. He is pushing the Asian nation to reduce trade barriers and stop alleged theft of intellectual property.
China also resumed the purchase of United States soybeans and eased investment rules for USA companies following the truce.
After returning from his Buenos Aires meeting with Xi, Trump said U.S. Trade Representative Robert Lighthizer would be in charge of the China negotiations.
Trump said his agreement with Xi would go down "as one of the largest deals ever made".