China, US agree to hold high-level trade talks in early October in Washington, China's commerce ministry says
The officials agreed to"work together and take practical actions to create favourable conditions for consultations", the Chinese commerce ministry said in a statement.
The world's two biggest economies have been embroiled in a tense year-long trade war, which escalated further on September 1 when both sides implemented fresh levies. US President Donald Trump announced afterwards he would increase tariffs on more than half-a-trillion dollars' worth of imports in a new round of punitive measures, prompting Beijing to respond with fresh tariffs on US goods worth $75 billion.Tensions continued to mount over the summer, with Trump accusing Chinese negotiators of holding out for a better deal in hopes he will be voted out in next year's presidential elections.
While the US-China negotiations began in earnest in January and seemed at first to make progress, they were abruptly called off in the spring by Trump.
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