China and America agree to meet in October for trade discussions
The Chinese ministry of commerce said that the leaders of the United States and China trade discussions held a phone call in the morning and decided to meet in early October month for another round of talks. According to the latest news, the top negotiator of China, Liu He spoke with Robert Lighthizer, the USA trade representative and Steven Mnuchin, Treasury Secretary about the ongoing trade war.
Reportedly, in a statement to the official website, a USA trade representative spokesperson agreed on the phone call, but not the October summit. According to the recent news, Beijing told that the two biggest economies of the world agreed to organize another round of trade discussions in Washington at the beginning of next month, and debates will be made in mid-September in arrangements for the meeting that would completely focus on the discussion about the USA and China trade dispute, said by the Commerce Ministry of China.
As per the statement, “Both sides confirmed they should work together and take practical actions in order to generate favorable conditions for the discussions.” However, it is also reported that both the countries agreed to hold meetings at the official level in Washington in the upcoming weeks”, and the deputy level summits would have carried out in mid-September to organize the groundwork for the meaningful procedure.”
Previously, both nations had warned that they would meet in September. But, trade concerns between the two largest economies of the world grow in the previous several weeks. The reprisal tariffs on billions of dollars’ worth of goods from each nation took effect on Sunday.
Zhong Shan, commerce minister of China, People’s Bank of China governor Yi Gang and Ning Jizhe, vice chairman of the top economic planning body of China, and the National Development and reform commission also joined the call.