US in early stages of proposing new trade talks with China in the near future

  • Sources familiar with the U.S.-China negotiations tell CNBC that the United States is in the early stages of proposing a new round of trade talks with China in the near future.
  • Senior U.S. officials led by Treasury Secretary Steven Mnuchin sent an invitation to Chinese officials, proposing a meeting in the next few weeks to discuss trade issues, Dow Jones reported earlier on Wednesday, citing sources.

The U.S. seeking to restart trade talks with China.

Sources familiar with the U.S.- China negotiations told CNBC that the United States is in the early stages of proposing a new round of trade talks with China in the near future.

Senior U.S. officials led by Treasury Secretary Steven Mnuchin sent an invitation to Chinese officials, proposing a meeting in the next few weeks to discuss trade issues, Dow Jones reported earlier on Wednesday, citing sources.

Last Friday President Donald Trump said he was "ready to go" on tariffs for another $267 billion in Chinese goods "if he wants," which would be on top of the proposed tariffs on $200 billion in goods already being considered.

The public comment period on the $200 billion tariff plan expired Thursday.

The world's two largest economies have already applied tariffs to $50 billion of each other's goods.

The Treasury Department and Commerce Department declined to comment.

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