China, US plan face-to-face trade meeting in January

US trade delegation to travel to China next month: Report

Deputy US Trade Representative Jeffrey Gerrish will lead the US team for talks during the week of January 7, Bloomberg reported, citing two people familiar with the matter.

US and Chinese officials have spoken by phone in recent weeks, but next month's meeting would be the first in-person talks since President Donald Trump met with his Chinese counterpart, Xi Jinping, in Buenos Aires on December 1.

Treasury Secretary Steven Mnuchin did tell Bloomberg the two sides have had phone discussions since then.

The Trump administration is sending trade representatives to Beijing early next month, reports indicated on Wednesday, as the clock ticks down to a deadline for the world's two largest economies to reach a deal.

Earlier this month, China's major state-owned grain stockpiler said it had resumed buying U.S. soybeans, and Beijing announced it would suspend extra tariffs added to US-made cars and auto parts starting January 1.

A USA government delegation will travel to Beijing in early January for the first face-to-face talks since President Donald Trump and his Chinese counterpart agreed to a truce in their tariff war, Bloomberg News reported on Wednesday. The United States agreed to hold off on planned increases in tariffs on China in light of China's commitment.

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China, meanwhile, wants the U.S.to remove the punitive tariffs that have been imposed and not add new ones, but suspects the USA will ask for more before it agrees to do that, the people said. It's also slashed import tariffs on more than 700 products and began buying USA crude oil, liquefied natural gas and soybeans again.

The two countries have been in close communication even during the holiday period, he said.

Publicly, Trump is pushing the Asian nation to reduce trade barriers and stop alleged theft of intellectual property.

China's Commerce Ministry announced the meeting plans Thursday.

Since then, China has cut tariffs on vehicles imported from the United States, resumed the purchase of soya from the North American country and submitted a draft law to prohibit forced technology transfers.

But Trump and other members of his trade team, including National Economic Council Director Larry Kudlow, have said they could further delay an escalation in tariffs if the two sides made sufficient progress.

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