China and U.S. Talk on Trade Ahead of January Negotiations

  • Two nations planning to meet for trade talks next month
  • Treasury secretary says Huawei case remains separate track
Treasury Secretary Steven Mnuhcin says the Volcker Rule is to blame for recent volatility. Kevin Cirilli reports.Source: Bloomberg)
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China and the U.S. held vice-ministerial level talks on Wednesday to discuss the ongoing trade dispute as they move closer to meeting in January.

The two sides spoke by phone accordingBloomberg Terminal to China’s Ministry of Commerce, and have held several rounds of talks in recent weeks, Treasury Secretary Steven Mnuchin told Bloomberg on Tuesday in Washington. They plan to hold a formal, face-to-face meeting in January to negotiate a broader truce in their trade wars but are unlikely to meet in person before then, Mnuchin said.