The United States and China have agreed to return to the negotiating table in Washington to discuss trade
The in-person discussions will resume in"early October," according to a statement released in China Thursday morning by the country's Commerce Ministry. Chinese authorities added that China Vice Premier and chief trade negotiator Liu He has spoken with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin over the phone about the talks.
Investors are welcoming news of the talks, especially since the relationship between the two countries has been so volatile in recent weeks. Read MoreLittle progress was made between the United States and China during the last round of face-to-face trade meetings in Shanghai in July. Soon after those discussions, US President Donald Trump announced that his country would impose 10% tariffs — later raised to 15% -— on Chinese imports worth $300 billion.
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