China sends trade envoy ahead of negotiations
China is sending a trade envoy to Washington ahead of the next round of trade talks. China’s state-run news agency says deputy finance minister Liao Min will arrive Wednesday to begin the groundwork for those talks next month.
A phone call earlier this month between China’s Vice Premier, U.S. Trade Representative Robert Lighthizer, and U.S. Treasury Secretary Steven Mnuchin opened the door for another round of trade negotiations.
President Trump postponed a tariff increase on 250 billion dollars’ worth of Chinese goods until October 15th. China followed by lifting tariffs on some farm goods including soybeans and pork.
Mnuchin told reporters last week he is cautiously optimistic about the upcoming talks. The administration says forced technology transfers and intellectual property theft are issues that still need to be dealt with.