United States trade delegation to travel to China next month

US trade delegation to travel to China next month: Report

Report: US Trade Team to Travel to China for Talks  

Washington will send a team of trade negotiators to Beijing in the week of January 7 to hold trade talks with Chinese officials, two sources told Bloomberg. The American delegation, led by Deputy U.S. Trade Representative Jeffrey Gerrish, will travel to Beijing on January 7, Bloomberg said.

The green light from Chinese customs, indicated in a statement posted on the customs authority's website on Friday, comes in the run-up to talks between the countries in January after U.S. President Donald Trump and Chinese President Xi Jinping agreed to a moratorium on higher tariffs that would affect trade worth hundred of billions of dollars.

The meeting adds to signs that the world's two largest economies are making progress in cooling trade tensions.

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A U.S. 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. China is hoping that the leeway given by both parties might speed up negotiations to totally remove additional tariffs on the two nation's goods.

The two sides have "made specific arrangements for face-to-face meetings" and are talking by phone, said a Ministry of Commerce spokesman, Gao Feng. The two leaders also agreed to launch new talks while the United States delayed a planned January 1 tariff increase until March 2. Visit MarketWatch.com for more information on this news.

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

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In response, China has resumed purchases of U.S. soyabeans for the first time in six months, even though hefty tariffs on United States cargoes remain in place.

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