U.S. and Chinese officials will speak on Thursday, potentially paving the way for in-person trade talks to resume, U.S. Treasury Secretary Steven Mnuchin said on Thursday, as the world's two largest economies seek to end a year-long trade war.
Mnuchin and U.S. Trade Representative Robert Lighthizer will speak on the phone with their Chinese counterparts, the Treasury secretary said in an interview along the sidelines of the G7 meeting in Chantilly, France.
The United States and China have been embroiled in a tit-for-tat tariff battle since July 2018, as Washington presses Beijing to address what it sees as decades of unfair and illegal trading practices. China has countered that any deal needs to be fair and equitable, leaving the two sides apparently still far from an agreement to end the back-and-forth that has roiled global supply chains and upended financial markets.