US-China officials discuss trade; Mnuchin eyes possible in-person talks tradewar
CHANTILLY, FRANCE/WASHINGTON - US and Chinese officials spoke by telephone on Thursday as the world's two largest economies seek to end a year-long trade war, with US Treasury Secretary Steven Mnuchin suggesting in-person talks could follow.
"Right now we're having principal-level calls and to the extent that it makes sense for us to set up in-person meetings, I would anticipate that we would be doing that," Mr Mnuchin told Reuters. "These are difficult questions ... but at least they agreed to let the two negotiation teams to restart their work, so we will keep our fingers crossed," he said.
"We have a long way to go as far as tariffs, where China is concerned, if we want. We have another US$325 billion that we can put a tariff on if we want," Mr Trump said at a Cabinet meeting on Tuesday. US government data published on Thursday showed China last week made its largest purchase of US sorghum since April.
Reuters reported on Sunday that the US may approve licenses for companies to restart new sales to Huawei in as little as two weeks, according to a senior US official.
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