US, China to resume trade talks next week in Shanghai

US, China to resume trade talks next week in Shanghai

Top Trump administration officials will travel to China next week for the first high-level, in-person trade negotiating session since talks collapsed in May.

U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerGOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 Pelosi sounds hopeful on new NAFTA deal despite tensions with White House MORE and Treasury Secretary Steven MnuchinSteven Terner MnuchinOvernight Health Care: Trump steps up attack on WHO | Fauci says deaths could be lower than first projected | House panel warns federal stockpile of medical supplies depleted | Mnuchin, Schumer in talks over relief deal House Republicans, key administration officials push for additional funding for coronavirus small business loans On The Money: Mnuchin, Schumer in talks to strike short-term relief deal | Small businesses struggling for loans | Treasury IG sends Dems report on handling of Trump tax returns MORE will travel to Shanghai on July 30 to meet with Chinese Vice Premier Liu He.

ADVERTISEMENT

White House press secretary Stephanie Grisham said in a statement the officials will “continue negotiations aimed at improving the trade relationship between the United States and China.”

“The discussions will cover a range of issues, including intellectual property, forced technology transfer, non-tariff barriers, agriculture, services, the trade deficit, and enforcement,” Grisham said.

President TrumpDonald John TrumpSenators demand more details from Trump on intel watchdog firing Overnight Health Care: Trump steps up attack on WHO | Fauci says deaths could be lower than first projected | House panel warns federal stockpile of medical supplies depleted | Mnuchin, Schumer in talks over relief deal Trump says he'll look into small business loan program restricting casinos MORE and Chinese President Xi Jinping agreed to formally resume talks at last month’s Group of 20 (G-20) summit in Osaka, Japan. Since then, officials have spoken by phone but no in-person negotiations have taken place.

Mnuchin said Wednesday that he is hopeful the months-long trade dispute could be resolved, but said there are still many sticking points.

“I would say there are a lot of issues,” Mnuchin said on CNBC. “My expectations is this will be followed up with a meeting back in D.C. after this and hopefully we’ll continue to progress.”

Trump has expressed frustration that China has not quickly stepped up purchases of U.S. agricultural products, actions he said at the G-20 would begin “almost immediately.” But China has not said publicly whether it made such a commitment.

Beijing is seeking relief from U.S. tariffs and a follow-through on the president’s pledge to lift a blacklist on the Chinese tech giant Huawei.

After the U.S.-China talks broke down in May, Trump raised tariffs on $200 billion in Chinese goods. He also threatened to impose tariffs on roughly $300 billion in imports from China, but said he would hold off on that plan while talks resume.