Welcome News On The Trade Dispute With China
Two people familiar with the matter tell Bloomberg that U.S. officials will travel to Beijing next Monday to talk trade with Chinese officials. Deputy U.S. Trade Representative Jeffery Gerrish will lead the team headed to China. A Chinese Ministry of Commerce spokesman did confirm that the two sides will get together in January. The meeting will be the first time the two sides have held face-to-face discussions since President Trump and Chinese President Xi (Zhee) Jinping agreed to a 90-day truce during their meeting in Argentina. Bloomberg says the meeting indicates that trade tensions are easing. China recently announced a third round of tariff cuts, lowering the duties on more than 700 goods starting tomorrow.