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17 November 2019
ECONOMY

US, China trade negotiators discuss core concerns of phase one

The escalating trade war between the two countries has taken a toll on US manufacturing and business investment.

SHANGHAI CONTAINER PORT/BLOOMBERG


The US and Chinese trade negotiators held constructive discussions in a phone call to address each side’s core concerns of phase one of the trade deal, reported Bloomberg.

China’s Vice Premier Liu He, the country’s key negotiator in the trade talks with the US, spoke with Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer.

The call is said to have been held at the request of the US negotiators and the two sides agreed to remain in close communication.

The dialogue on Saturday followed a phone call between the trade negotiators earlier this month, where the two countries signalled they’re getting closer to agreeing on the first phase of a deal aimed at reducing tensions in a trade war that is slowed the global economy. The three-spoke by phone at the time and separately released statements describing the call as constructive.


RELATED STORIES: US-CHINA TRADE TENSION US PRESIDENT DONALD TRUMP PRESIDENT XI JINPING

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