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China and United States agree to hold trade talks

(Reuters) China and the United States have agreed to hold trade talks “in the coming days” to evaluate the progress of their Phase 1 trade deal six months after it took effect in February, the Chinese commerce ministry said on Thursday.

Ministry spokesman Gao Feng made the comments at a weekly briefing held online, but did not elaborate.

They followed Tuesday’s remarks by White House Chief of Staff Mark Meadows that no new high-level trade talks were scheduled, though both sides were in touch about implementing the Phase 1 deal.

The deal, reached on 15 January and seen as a major breakthrough after a two-year long trade dispute between the world’s two largest economies, set ambitious targets for China to sharply boost purchases of U.S. farm and manufactured goods.

But ties quickly soured in the aftermath of the coronavirus pandemic and China’s imposition of a new national security law in Hong Kong.



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