US, China to revive trade talks: Official

Washington, August 18

Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, Donald Trump's chief economic advisor said on Sunday. If teleconferences between both sides' deputies pan out in the next 10 days "and we can have a substantive renewal of negotiations," Larry Kudlow said on Fox News, "then we are planning to have China come to the United States of America and meet with our principals to continue the negotiations." 

 That left it uncertain, however, whether a Chinese delegation would be coming to Washington next month, as a White House spokesperson predicted after US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin left a round of trade talks in Shanghai in July.

World financial markets have been on edge because of the trade war between the world's two largest economies. — AFP