Report: US, China reach agreement to resume economic talks

WASHINGTON — The United States and China have agreed to resume semiannual talks on economic and trade issues, according to a published report. These discussions had been conducted in previous administrations but had been halted by the Trump administration.

 

The Wall Street Journal reported Saturday that the resumption of the talks, which were started in the George W. Bush administration and continued in the Obama administration, was set to be announced on Wednesday when the Trump administration signs a Phase One trade agreement with China in Washington.

Those tariffs raised uncertainties among businesses, slowed global economic growth and roiled financial markets. Both countries announced a Phase One agreement resolving some of the issues between in December as part of a cease-fire in the trade war.

Administration officials said that the details of the Phase One deal would be released after the agreement is signed Wednesday.

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