China, US: Trade Talks Scheduled for Early January in Beijing

US trade delegation to travel to China next month: Report

US trade delegation to travel to China next month: Report

A US trade team will travel to Beijing the week of January 7 to hold talks with Chinese officials, Bloomberg reported on Wednesday, citing two people familiar with the matter.

"The two sides have indeed made specific arrangements for face-to-face consultations in January in addition to continuing intensive telephone consultations", said Gao, without confirming the date of the planned meeting.

While Trump administration officials have recently held trade talks with their Chinese counterparts over the phone, this will be the first in-person meeting since a tariff ceasefire agreement was reached at the Group of Twenty summit in Buenos Aires last month. Treasury Secretary Steven Mnuchin said last week the USA team and its counterparts have held discussions over the phone.

Word of the meeting follows small signs of progress -- and the absence of new threats from Trump -- while the two sides work to ease trade tensions by March 1.

On Sunday, Beijing's commerce ministry said China and the U.S. "made new progress" on the issues of trade balance and intellectual property during a phone call between officials from the two countries. China also announced the suspension from January 1 to March 31, 2019, of 25 percent of the taxes applied to 144 products of the USA automotive sector and advanced new agreements in the fields of agriculture and energy.

According to a notice by China's customs authority, US rice that meets inspection and quarantine requirements can enter the country.

The two countries have been in close communication even during the holiday period, he said. Visit MarketWatch.com for more information on this news.

"Even as the USA side is in the Christmas holiday period, China and the United States economic and trade teams have been in close communication, and the consultations are progressing in an orderly manner as scheduled", Gao said. He is pushing the Asian nation to reduce trade barriers and stop alleged theft of intellectual property.

Beijing so far has pledged to resume buying American soybeans and to at least temporarily lower retaliatory tariffs on US autos.

China's Commerce Ministry announced the meeting plans Thursday. He said that March 1 was a "hard deadline" that was endorsed by Trump, Bloomberg reported.

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.

Recommended News

  • Cleveland Cavaliers sign Patrick McCaw to multi-year offer sheet

    Cleveland Cavaliers sign Patrick McCaw to multi-year offer sheet

    Per league rules, the Warriors can match any such offer sheet extended to McCaw, as he is a restricted free agent. McCaw averaged 4.0 points per game in 128 regular-season appearances with the Warriors over the past two seasons.
    Liverpool v Arsenal, Premier League

    Liverpool v Arsenal, Premier League

    This was Liverpool's eighth game in a packed month but their intensity was unrelenting. Arsenal clear from a corner but are too slow to get out.
    Trump threatens to shut border if no wall money

    Trump threatens to shut border if no wall money

    He tweeted Thursday evening that Democrats may be able to block him now, "but we have the issue, Border Security". The Senate bill contains $1.3 billion for border security excluding any concrete wall.
  • Proteas beat Pakistan by six wickets in first test

    Proteas beat Pakistan by six wickets in first test

    He played only 9 tests since 2015, missing out on more than 26 tests to come back fit onto the field. Pakistan was into the long South African tail, though, with Bavuma the only recognised batsman left.
    Miley Cyrus wore $8K Vivenne Westwood dress to marry Liam Hemsworth

    Miley Cyrus wore $8K Vivenne Westwood dress to marry Liam Hemsworth

    Miley Cyrus (L) and Liam Hemsworth reportedly got married in a secret wedding ceremony over the holiday. " Miley's family always loved Liam ".
    Nicholas Sparks is 'so happy' for Miley Cyrus and Liam Hemsworth

    Nicholas Sparks is 'so happy' for Miley Cyrus and Liam Hemsworth

    Congratulations are in order for Miley Cyrus and her new husband Liam Hemsworth who tied the knot on December 23 in Australia. The pop diva shared images of her happiness on her Instagram and Twitter accounts with the caption "10 years later...".
  • Sears at Towne East one of 80 stores closing nationwide

    Sears at Towne East one of 80 stores closing nationwide

    This latest round of closings would take Sears closer to 400 remaining stores, not the 500 it was seeking to continue to operate. Sears officials told employees it will begin liquidation sales at 43 Sears and 37 Kmart stores in two weeks.
    Iraq Officially Recognises Christmas Day A National Holiday

    Iraq Officially Recognises Christmas Day A National Holiday

    He said that promotion of brotherhood, tolerance, harmony, love and affection is the essence of the teachings of Jesus . The governor added that: "Jesus Christ has been described as the prince of peace". "Jubilation is optional.
    Donald Trump makes surprise visit to USA  troops in Iraq

    Donald Trump makes surprise visit to USA troops in Iraq

    He recently ordered a drawdown of the 14,000 USA troops in Afghanistan, and a complete withdrawal of 2,000 troops from Syria. Iraq trips by United States presidents and other high-level Western officials to Iraq are usually shrouded in mystery.
  • Struggling Sears to close 80 more stores, including location in Tallahassee

    Struggling Sears to close 80 more stores, including location in Tallahassee

    This latest round of closings would take Sears closer to 400 remaining stores, not the 500 it was seeking to continue to operate. The announcement came on the same day Sears faced a deadline to find a seller for the company as part of its bankruptcy.
    Trump to USA  troops in Iraq

    Trump to USA troops in Iraq

    Trump arrived in Iraq the day after Christmas , having faced criticism for not visiting USA troops deployed overseas. Donald Trump has made a surprise visit to Iraq visited Iraq after 705 days into his presidency.
    US Stocks Surge After Christmas Eve Tumble

    US Stocks Surge After Christmas Eve Tumble

    The Dow Jones Industrial Average rose 5%, or more than 1,000 points, and recorded the largest daily point gain in its history. The S&P 500 at the same time jumped by about five percent as well by closing near 2,468, reported MarketWatch.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.