Foreign Trade

China Offers Official Reassurance on Trade Talks With U.S.

from The Wall Street Journal,

Negotiating teams have maintained close communication amid recent rise in tensions.

China’s trade negotiations with the U.S. remain on track, Beijing said, offering official reassurance after tensions flared between the world’s two biggest economies over human-rights issues in China. China’s Commerce Ministry said Thursday that the negotiating teams from both sides have maintained close communication, though it didn’t provide details on progress. The recent strain had spooked investors and stoked concerns over the global economic outlook. “If China and the U.S. strike a phase-one deal, relevant tariffs should be reduced,” Commerce Ministry spokesman Gao Feng said, referring to a proposed interim agreement the two sides are trying to reach.

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