China and the United States agreed Thursday to hold high-level talks in Washington in early October, encouraging investors who hope for a trade war thaw as new U.S. tariffs on Chinese consumer goods chip away at global growth.
The new talks were arranged during a phone call between Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, China's commerce ministry said in a statement.
They would be the first in-person, high-level discussions since a failed U.S.-China trade meeting at the end of July prompted U.S. President Donald Trump to proceed with fresh tariffs on virtually all Chinese imports that had at that time remained untouched by the trade war.