China says US officials to visit for trade talks

China says US officials to visit for trade talks
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U.S. negotiators will head to China next week for the eighth round of trade talks as the two sides seek to hammer out a comprehensive trade agreement dealing with longstanding economic issues.

The Associated Press reports that Treasury Secretary Steven MnuchinSteven Terner MnuchinTrump says he'll decide on foreign aid cuts within a week Democrats push judge for quick action on Trump tax returns lawsuit Five key players in Trump's trade battles MORE and U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerOn The Money: Economy adds 164K jobs in July | Trump signs two-year budget deal, but border showdown looms | US, EU strike deal on beef exports Chinese, US negotiators fine-tuning details of trade agreement: report The Trump economy keeps roaring ahead MORE will head to Beijing next Thursday and Friday for talks, according to China's commerce ministry.

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The announcement comes a day after President TrumpDonald John Trump Former US ambassador: 'Denmark is not a big fan of Donald Trump and his politics' Senate Democrats push for arms control language in defense policy bill Detroit county sheriff endorses Booker for president MORE warned that some tariffs levied against China by his administration would remain in place even if the two nations were able to reach a deal, saying that the U.S. has to make sure "China lives by the deal."

“The deal is coming along nicely,” Trump said Wednesday. “We’re getting along with China very well. [Chinese] President Xi [Jinping] is a friend of mine.”

“[But] we’re not talking about removing them,” Trump continued, speaking of the tariffs. “We’re talking about leaving them for a substantial period of time because we have to make sure that if we do the deal with China, that China lives by the deal.

“They’ve had a lot of problems living by certain deals and we have to make sure,” he added.

Chinese negotiators are seeking an end to all U.S. tariffs against the country, as well as an end to U.S punitive action against Chinese tech companies such as Huawei, which the U.S. has accused of allowing Chinese intelligence services to access its technology.

Also at stake are long-held accusations of steel dumping, technology theft and other unfair trade practices for which the U.S. has attempted to hold China accountable. The Trump administration is also seeking a reduction of the U.S. trade deficit with China.

The negotiations come as the two countries are in the midst of a truce on new tariff actions, which was extended at the beginning of March. Trump has warned previously that tariffs against China will increase unless a deal is struck.