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Constructive Phone Discussion Between US-China Trade Officials Marks Resumption of Trade Talks

And finally, there’s some progress! We say this because on Tuesday, White House Chief Economic Adviser Larry Kudlow confirmed that US and Chinese officials held a constructive phone discussion. Kudlow’s statement marks an official resumption in trade talks between the two world leaders.

On the US team were Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, and they spoke with Chinese Vice Premier Liu He and Trade Minister Zhong Shan to take the negotiations on their trade issues forward. Kudlow also confirmed that both sides discussed the possibility of meeting in-person, and hoped that both sides could pick up from the point where the talks had broken down a couple of months ago.

US and China have been embroiled in a trade war for a year now, with both sides hiking tariffs on each other’s goods periodically. Negotiations had progressed but broke down sometime in May after China allegedly reneged on a few key issues. Tuesday’s talks were the first step after a truce on the trade war was announced by both Presidents at the G20 summit in June.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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