💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

U.S., China's Top Trade Officials Make First Contact Since Truce

Published 07/09/2019, 02:35 PM
Updated 07/09/2019, 03:00 PM
© Reuters.  U.S., China's Top Trade Officials Make First Contact Since Truce

(Bloomberg) -- U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke on the phone with their Chinese counterparts as the two sides relaunch talks to end their trade dispute, marking the first high-level contact since their presidents agreed to a tentative truce last month.

The American officials spoke to Chinese Vice Premier Liu He and Commerce Minister Zhong Shan on Tuesday, according to an emailed statement from a U.S. government official, who declined to be named in line with policy. Both sides will continue these talks as appropriate, the official said, without offering more details on the next steps.

President Donald Trump and Chinese leader Xi Jinping agreed to a tentative pause in their almost year-long trade war after meeting at the Group-of-20 leaders’ summit in Japan on June 29, and they directed their negotiators to find a path forward on a deal. The leaders didn’t outline a time-frame for negotiations or a deadline to finalize a trade deal.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.