Agricultural purchases and the dollar-yuan exchange rate will also be among the topics to be discussed in the virtual meeting that may take place as early as this week, though a date has not been finalised.
After the last of Beijing diplomats departed the Chinese consulate in Houston, law enforcement cordoned off the area and US officials were seen entering the complex after using tools to force open a door.
"Today China is increasingly authoritarian at home, and more aggressive in its hostility to freedom everywhere else," Pompeo said in a California speech.
China slammed the US move, which came one day after the unveiling of a US indictment targeting two Chinese nationals for allegedly hacking hundreds of companies worldwide and seeking to steal virus vaccine research.
The Trump administration also said the US will impose travel bans on employees of the Chinese technology giant Huawei and other Chinese companies the US believes is assisting governments in cracking down on human rights.
As share markets flatlined on as uncertainty over the outlook for US interest rate cuts, the Chinese yuan's slump sapped their appetite for risk, with dealers saying state-owned banks were seen selling dollars to support the yuan.
The world’s two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains.
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