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China, US trade negotiators to meet in Shanghai next week

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Top Chinese and US negotiators will meet face-to-face next week for the first time since Presidents Donald Trump and Xi Jinping agreed to restart trade talks to end their year-long trade war.

The governments of the world’s largest economies have levied billions of dollars of tariffs on each other’s imports, disrupted global supply chains and shaken financial markets in their dispute over how China does business with the rest of the world.

US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will meet with Chinese Vice Premier Liu He for talks in Shanghai starting on July 30, the White House said in a statement on Wednesday.

“There’ll be a few more meetings before we get a deal done,” Mnuchin told reporters at the White House on Wednesday.

“I wouldn’t expect that we’ll resolve all the issues. But the fact that we’re back at the table at the direction of the two presidents is important.”

The discussions would cover issues including intellectual property, forced technology transfer, non-tariff barriers, agriculture, services, the trade deficit, and how any deal is enforced, the White House said in the statement.

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