US, China trade envoys make first contact since truce

US-China trade talks resume: US officials

Washington and China agreed during a Group of 20 nations summit in Japan last month to restart talks, easing fears that a trade war marked by tit-for-tat tariffs between the world's two largest economies could escalate.

Washington and Beijing have hit each other with punitive tariffs covering more than US$360 billion in two-way trade and those duties remain in place.

There, . Trump agreed to suspend a new round of tariffs on 300 billion dollars worth of imported Chinese goods, while the two sides resumed negotiations.

In actuality, sources familiar with the trade talks had been quoted saying that the latest summit did little to clear the obstacles to crackdown a trade impasse, that had broken down the trade talks in early May.

Chinese Vice Premier Liu He on Tuesday evening held a telephone conversation with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin as invited, the Ministry of Commerce said Wednesday.

The two sides also deadlocked over Beijing's demand that Trump remove all of the tariffs he imposed on $250 billion in Chinese goods past year.

"We've had a change in atmospherics", said Dr Derek Scissors, a China expert at the American Enterprise Institute, a business-oriented Washington think-tank.

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The United States had imposed tough sanctions on the company, whose equipment USA officials fear could be used as Trojan horses for China's intelligence services.

Zhong, who joined the Communist Party at age 18, is the second veteran trade official to be added to the Chinese team in recent weeks. However, Kudlow warned that no miracles can be expected around a trade deal.

"We thought we had commitments, and those commitments were removed", he said. That concession to President Xi Jinping contrasts with the continued restrictions on Huawei, which Commerce Secretary Wilbur Ross said on Tuesday is still on the "entity list" limiting its access to USA goods and services.

"If Xi wants a deal, he needs to have both sides bought in", said Willems. Washington wants Beijing to address what US officials see as decades of unfair and illegal trading practices.

"Some folks in the White House, who may not have had the same deep level of experience in dealing with a wide range of Chinese interlocutors, may read too much into who's on a call", said Green, a senior adviser at McLarty Associates.

We look at recent developments in the US-China trade dispute and implications for agriculture.

Trump administration officials have also downplayed the extent of pledges to allow Huawei to purchase United States technology products, with White House trade adviser Peter Navarro saying only "lower-tech" United States semiconductors could be made available for sale to the firm.

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