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US, China Talks Postponed This Weekend

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The U.S. and China have postponed a review of their Phase 1 trade deal progress initially slated for Saturday, sources familiar with the plans told Reuters.

The talks that would involve Chinese Vice Premier Liu, U.S. Trade Representative Robert Lighthizer and U.S.Treasury Secretary Steven Mnuchin was scheduled to occur by way of video conferencing before being rescheduled indefinitely.

The USTR’s office didn’t immediately respond to a request for comment on the report.

A MarketWatch report says that the talks were announced in the South China Morning Post early although, Chinese foreign ministry spokesman Zhao Lijian had said that information on the high-level talks would be released “in due course.”

On Thursday U.S. President Donald Trump’s top economic adviser, Larry Kudlow, said the trade deal was going well, repeating comments he’d made earlier in the week and saying that the principals have a phone call coming up to review the deal, dismissing concerns that rising tensions between the two countries might jeopardize the pact.

The postponement was reported earlier by Reuters, which blamed scheduling issues.