The U.S. trade in goods deficit with China is down 12.8 percent in the first nine months of 2019, or $38.5 billion, compared to 2018, according to the latest data from the U.S. Census Bureau.
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U.S. and Chinese envoys are to resume high-level trade talks next month, China’s Commerce Ministry said Thursday, days after the two sides announced another round of tariffs targeting each other’s exports.
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As U.S.-China trade talks are set to begin, U.S. President Donald Trump is warning China against negotiating a deal after the 2020 U.S. presidential election — declaring a delayed agreement would be less attractive than a deal reached in the near term.
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U.S. Treasury Steven Mnuchin says he will visit China next week for two days of talks to end the year-long trade war between the world’s two largest economies.
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