China Economic Review

China and US to reignite trade talks with Washington visit

China will send a delegation to Washington towards the end of August for continued trade negotiations, the country’s commerce ministry said in a statement on Thursday.

The statement read that Vice Commerce Minister Wang Shouwen would head the team and meet members of the US Treasury regarding “economic and trade issues between China and the US.”

As Bloomberg reports, US President Donald Trump acknowledged the plans at a White House cabinet meeting on Thursday but pushed China to offer him a better deal.

“We’re talking to China, they very much want to talk,” Trump said Thursday at a cabinet meeting at the White House. “They just are not able to give us an agreement that is acceptable, so we’re not going to do any deal until we get one that’s fair to our country.”

Trade talks between the two countries have stalled since a series of reciprocal visits in July, but several news outlets reported late last month that the two governments had been in unofficial contact on the issue.

“It’s a good thing that they’re sending a delegation here – we haven’t had that in quite some time,” said White House chief economist Larry Kudlow in an interview with CNBC. “The Chinese government it its totality must not underestimate President Trump’s toughness and willingness to continue this battle to eliminate tariffs and non-tariff barriers and quotas to stop the theft of intellectual property and to stop the forced transfer of technology.”