Sentiments in Asia are apparently lifted after confirmation of US-China trade meeting in early October. The Chinese Ministry of Commerce said “both sides agreed that they should work together and take practical actions to create good conditions for consultations.” That came after a telephone call between Vice Premier Liu He and PBoC Governor Yi Gang, with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. Conversations between two sides will continue this month, in preparation for high level negotiation in early October.
Separately, USTR spokesperson Jeff Emerson also confirmed in a statement that “They agreed to hold meetings at the ministerial level in Washington in the coming weeks. And, “In advance of these discussions, deputy-level meetings will take place in mid-September to lay the ground work for meaningful progress.”
