China Central Television reported that Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer, and Treasury Secretary Steven Mnuchin agreed to meet in October to discuss trade.
The U.S. confirmed the Sept 5. call and said that the meeting would take place in Washington, D.C. The planned meeting could kickstart progress in trade negotiations, but hopes for a breakthrough are slim, according to the Wall Street Journal.
“China is retaliating, hitting items such as American soybeans and some U.S. auto parts with higher punitive tariffs of 30 percent and 35 percent,” the Wall Street Journal added. “And it is letting the Chinese yuan depreciate to help mitigate the impact of the levies.”
The October meeting, which currently has no announced date, will be the thirteenth time since January that both countries will discuss trade relations.