China Trade Discussion Continues Next Week

Trade talks with China will continue next week, according to President Donald Trump. President Trump says he and China’s President Xi Jinping will talk over the phone next week as both sides are willing to work towards a consensus, according to Reuters. A U.S. delegation traveled to China last week with no agreement on a long list of demands. Meanwhile, China’s top economic official is expected to visit Washington, D.C. next week to resume the negotiations sparked by U.S. tariffs.

China is imposing and threatening tariffs of U.S. agricultural products, including a 25 percent soybean tariff. Meanwhile, the Trump trade team is currently working on the North American Free Trade Agreement with counterparts from Canada and Mexico, hoping to reach an agreement within the next few weeks.

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