Senior Chinese delegates to visit United States for trade war talks

China: Trade talks with the US are back on

China said on Thursday a delegation would attend the next round of trade talks with USA counterparts in Washington later this month, in the latest bid to diffuse a conflict that has set world markets on edge.

Wang Shouwen, vice-minister of commerce, will lead a delegation to the USA at the end of August to discuss bilateral trade issues with a team led by David Malpass, secretary of treasury for worldwide affairs, the Chinese Commerce Ministry said in a statement today.

Vice Commerce Minister Wang Shouwen, the deputy representative on global trade negotiations, will meet with a senior USA treasury official, David Malpass, at the invitation of the United States, the ministry said in a statement.

Chinese Vice Premier Liu He held talks with US Commerce Minister Wilbur Ross in Beijing in June. Trump has threatened to impose duties on virtually all of the more than $500 billion of Chinese goods exported to the United States.

The president has argued that the tariffs are necessary in order to secure better trade deals, even though the US has yet to establish any new agreement since the duties were put in place.

There was no immediate response from the US Treasury to the announcement from Beijing.

Omarosa Manigault-Newman releases recording of 'Trump phone call'
At the same time, she seems to believe the White House could plan on making life hard for her. This is his pattern with African-Americans, and he doesn't know how to control himself.

U.S. Treasury officials declined to comment on the talks, referring Reuters to Kudlow's remarks on CNBC.

Previous rounds of talks between the two sides failed to make much progress, resulting in the outbreak of a trade war.

"Wang Yiwei, a professor at Renmin University's worldwide studies, said Wang's trip follows the Communist Party's annual closed door meeting at the Beidahe resort, where the trade war was likely to have been one of the main topics of discussion".

"All my friends who worked in the Obama administration, and I have a bunch of them, told us repeatedly we could never grow faster than 2 percent", said Kudlow.

"Those talks are hot, you know, they're heated and they're going rather well", said the economic adviser. Another $16 billion in levies will be effective later in August.

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