US, China resuming regular talks to resolve conflicts: report

US, China resuming regular talks to resolve conflicts: report
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The U.S. and China are reportedly resuming regular talks in an effort to resolve conflicts between the countries.

Washington and Beijing are planning to announce the semiannual talks on Wednesday, when officials sign phase one of a new trade deal, The Wall Street Journal reported Saturday. Sources told the newspaper that officials are considering calling the conversations the Comprehensive Economic Dialogue.

Treasury Secretary Steven MnuchinSteven Terner MnuchinThe Hill's Coronavirus Report: Former Rep. Delaney says Trump is spewing venom when he should be leading; Protests roil the nation as fears of new virus outbreaks grow GOP lawmakers plan measure to force Americans to divest from firms linked to Chinese military: report Hillicon Valley: Twitter flags Trump tweet for 'glorifying violence' | Cruz calls for criminal investigation into Twitter over alleged sanctions violations | Senators urge FTC to investigate TikTok child privacy issues MORE and Chinese Vice Premier Liu He are expected to manage the discussions, which will focus on trade, according to the Journal.


President George W. Bush implemented the Strategic Economic Dialogue with China to handle the issues related to China’s expanding economy and increased imports to the U.S., the Journal noted, adding that the talks continued under President Obama and initially under President TrumpDonald John TrumpSessions accepts 'Fox News Sunday' invitation to debate, Tuberville declines Priest among those police cleared from St. John's Church patio for Trump visit Trump criticizes CNN on split-screen audio of Rose Garden address, protesters clashing with police MORE.

It added that Trump’s administration abandoned this effort in favor of a more confrontational strategy with China. 

The Hill has reached out to the White House, Department of Treasury and the Office of the U.S. Trade Representative for comment.

The first phase of the trade deal  involves a dispute-resolution section under which Liu and 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 will meet at least biannually to solve disagreements. The deal also requires Mnuchin to talk with Liu “on a regular basis” about macroeconomic issues. 

Phase one of the agreement will put a hold on future tariffs and roll back some existing levies, while China will commit to purchasing American agricultural goods and other products.

Phase two is expected to focus more on fundamental Chinese economic policies and the activities of Chinese state-owned firms.