US President Trump signed a trade agreement with China that is expected to boost exports from US farmers and manufacturers and is aimed at lowering tensions in a long-running dispute between the economic powers.
When President Donald Trump took office in 2017, his administration halted discussions between the two countries.
Vice Premier Liu He, Beijing’s chief envoy in talks with Washington over their tariff war, will sign phase one of the trade deal which includes China buying more American farm goods.
China's retaliatory tariffs were meant to target goods ranging from corn and wheat to US-made vehicles and auto parts.
The United States has threatened to impose tariffs on French goods in response to a law passed in the French parliament taxing American digital giants.
President Trump accused the countries of orchestrating a massive devaluation of their currencies and called on the US central bank to take action to prevent other nations from doing the same.
Major US indices ended at records for the third straight day following better-than-expected reports on economic growth and durable goods orders.
Tariffs come amid an ongoing trade war between the US and China and could risk destabilising the global economy further.
Chinese officials were expected to visit US farmers next week as a goodwill gesture, but canceled to return to China sooner than originally scheduled, agriculture organizations from Montana and Nebraska said.
Mexico Foreign Minister Marcelo Ebrard says his country has managed to slash undocumented migration to US, in hope to dodge the threat of tariffs under a deal the two countries are set to review next week.
The officials agreed to "work together and take practical actions to create favourable conditions for consultations", the Chinese commerce ministry said in a statement.
China imposed additional tariffs on some of the US goods on a $75-billion target list while the Trump administration's latest round of tariffs on Chinese imports has taken effect early Sunday.
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