BEIJING (Sputnik) - The next round of the Chinese-US trade negotiations will be held in Washington on Thursday-Friday, the Chinese Ministry of Commerce said on Tuesday.
According to the ministry, the seventh round of the negotiations will be attended by Chinese Vice Premier Liu He, while the United States will be represented by Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer.
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AP Photo / Andy Wong
China Hopes for Positive Outcome of New Trade Talks With US
According to the White House's Press Secretary Sarah Sanders, the preliminary consultations will kick off later on Tuesday. At the same time, she confirmed that the talks at a higher level would start on Thursday.
The previous round of trade negotiations between the United States and China was held on February 14-15. According to the White House, the parties managed to reach some progress during the talks but still had to do "much work."
READ MORE: China Snaps Up More Gold as US Trade War Pushes Country Away From Dollar
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AP Photo / Andy Wong
US Monthly Trade Deficit With China Drops for First Time in Seven Months
China and the United States have been engaged in a trade war since US President Donald Trump announced last June that $50 billion worth of Chinese goods would be subject to 25 percent tariffs in a bid to fix the US-Chinese trade deficit.
Since then, the two countries have exchanged several rounds of trade tariffs. At the G20 summit in Argentina in December, Trump and his Chinese counterpart Xi Jinping agreed on a "truce" in their tariff war to allow room for a new trade agreement. The so-called truce is reportedly set to end on March 1.Source: sputniknews.com
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