What Happened: Chinese and U.S. negotiators have scheduled the next round of bilateral trade talks for early October in Washington, The Wall Street Journal reported Sept. 5. The announcement came after a phone conversation involving Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin.
Why It Matters: Although the next round of talks between the United States and China raises hope that they can avoid a further escalation of the trade war, Chinese retaliation against new U.S. tariffs on Oct. 1 or a U.S. decision to terminate Huawei licenses could delay or suspend the meetings.
Background: The United States and China have been escalating their trade war with new rounds of import tariffs since the latest meeting by negotiators on July 30 and 31.
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- U.S., China: Trump's Tariff Tweets Escalate a Mammoth Trade War (Aug. 1, 2019)