The Chinese Commerce Ministry announced today (Aug. 16) that a delegation will travel to the United States later this month for talks. The visit is at the invitation of the United States, the ministry said in a short statement.
CNN Money reported that the previous rounds of talks between the two countries failed to make much progress, resulting in the outbreak of a trade war that has already hurt businesses on both sides of the Pacific. The countries imposed steep tariffs on billions of dollars of each other’s exports this summer and have threatened more.
The Chinese delegation will be led by Vice Commerce Minister Wang Shouwen, who will hold talks with David Malpass, the U.S. Treasury Department’s under secretary for international affairs, according to the Chinese statement.
It’s highly uncertain how much headway the negotiators will be able to make, with the two governments far apart on how to address many of the key U.S. concerns. Those include the huge trade imbalance between the two countries, Chinese efforts to get hold of American technology and Beijing’s ambitious industrial policies.
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