U.S., China Trade Talks to Resume Next Week in Shanghai

American and Chinese officials are set to meet for in person trade talks next week in Shanghai just months after negotiations fell flat.

Officials from both the U.S. and China are expected to jumpstart a new round of negotiations in an effort to finally reach a bilateral trade agreement.

Reports surfaced saying in person talks will take place next week in Shanghai during the upcoming congressional recess.

White House Press Secretary Stephanie Grisham released a statement on Wednesday saying, “United States Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin will travel to Shanghai, China, to continue negotiations.”

The statement also suggested the talks will include Chinese Vice Premier Liu He and come in an effort to improve “the trade relationship between the United States and China.”

President Trump has made it clear he will only reach a deal with the Chinese if it benefits Americans, more specifically U.S. farmers and other industries.

The president has made it clear he wants the Chinese to purchase more products from American farmers and would potentially retract some restrictions on Huawei in return.

According to the White House, the trade negotiations are likely to focus on several issues including, “intellectual property, forced technology transfer, non-tariff barriers, agriculture, services, the trade deficit, and enforcement.”

The talks come months after negotiations stalled back in May over discrepancies regarding the failed deal’s terms.

President Trump enacted an additional round of tariffs back in May targeting billions of dollars worth of Chinese products after negotiations fell flat.

Since talks stonewalled, Chinese and U.S. officials have maintained a dialogue, but the upcoming talks in Shanghai will be the first formal in person talks in months.

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