FROM EIR DAILY ALERT
China To Host Trade Talks with U.S. in January 2019
Dec. 27, 2018 (EIRNS)— A U.S. trade delegation led by Deputy U.S. Trade Representative Jeffrey Gerrish, which will include Treasury Undersecretary for International Affairs David Malpass, will travel to China during the week of Jan. 7, according to Bloomberg. Next month’s meeting will be the first face-to-face discussion the two sides have held since President Donald Trump and China’s Xi Jinping agreed on a 90-day truce in Argentina on Dec. 1. U.S. Treasury Secretary Steven Mnuchin said last week the U.S. team and its counterparts have held discussions over the phone, South China Morning Post reported.
The meeting is among the evidence that the world’s two largest economies are making progress in cooling trade tensions. Beijing this week announced a third round of tariff cuts, lowering import taxes on more than 700 goods beginning Jan. 1, 2019, as part of its efforts to open up the economy and lower costs for domestic consumers. President Donald Trump has agreed to put on hold a scheduled increase in tariffs on some $200 billion in annual imports from China while the negotiations take place.
