Economics
Trump, Xi Ease Trade Tensions With ZTE, Qualcomm Reversals
- Chinese vice premier flying to D.C. on Tuesday for trade talks
- Trump offered lifeline to Chinese telecom equipment firm
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The U.S. and China signaled a desire to avoid a costly trade war after President Donald Trump offered a lifeline to beleaguered telecom equipment maker ZTE Corp. and China’s Xi Jinping dispatched his top economic adviser to Washington.
Vice Premier Liu He -- who is Xi’s top aide for economic matters -- will travel Tuesday to the U.S. for trade talks with Treasury Secretary Steven Mnuchin, the Chinese Ministry of Foreign Affairs said Monday in Beijing.