US Treasury Secretary Steven Mnuchin said that Chinese Vice Premier Liu He will travel to Washington later this month to continue trade talks, Bloomberg reports, a good sign that the two sides are making headway in the dispute.
“The current intent is that the Vice Premier Liu He will most likely come and visit us later in the month,” Mnuchin told reporters on Thursday.
“We will continue with those meetings just as we sent a delegation to China.”
The round of talks that ended this week were presented favourably in both US and Chinese official statements, helping to push up US stocks for their fifth consecutive session after a recent plunge.
President Donald Trump lauded the progress made, saying on Thursday that the US was having “tremendous success” in the negotiations with Beijing.