The United States and China are expected to kick off high level trade negotiations next week in Washington, in hopes of finally brokering a bilateral trade deal.
Chinese Vice Premier Liu He is set to land in Washington for the talks next week, which are expected to take place October 10-11 in an effort to reach a deal during the 13th attempt.
China’s vice commerce minister weighed in on the upcoming talks saying, “The two sides should find a solution through equal dialogue in accordance with the principle of mutual respect, equality and mutual benefit.”
The trade war has been ongoing for around a year now, which has involved both Beijing and Washington imposing retaliatory tariffs on each other’s goods.
This comes about one month after President Trump announced China will likely be purchasing large amounts of American agricultural products as the ongoing trade war continues.
The president made that announcement via twitter, the same day Chinese officials signaled the same idea.
According to a Reuters report, Chinese officials have asked about pricing to buy large amounts of agricultural products from the United States.
The spokesperson for the Chinese Commerce Ministry weighed in on the progress saying, “[China] hopes both sides would continue to meet each other half way and adopt concrete actions to create favorable conditions for negotiations.”
The spokesperson went on to say China may purchase pork and soybeans despite being subject to steep tariffs currently.
President Trump has historically emphasized the importance of China purchasing U.S. agricultural products, as he continues to fight for American farmers.
Just this year, pork exports to China have climbed over 50% since January despite steep tariffs.