Reuters quoted Bloomberg report that, according to people familiar with the situation, the United States is considering launching a previous exchange rate agreement with China as part of the US-China trade partial agreement.
If this partial agreement is negotiated, it will be expected to suspend the tariffs originally scheduled to be imposed next week.
According to the report, the White House is considering launching an exchange rate agreement that was formally agreed with China before the negotiations earlier this year, as part of Washington’s first-phase agreement.
The report also said that the United States and China will continue consultations afterwards to discuss issues related to compulsory technology transfer and intellectual property.
The Chinese delegation headed by Liu He, Vice Premier of the State Council of China, arrived in Washington yesterday. Tomorrow, he will hold ministerial negotiations with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, who are high-ranking officials on both sides. The first face-to-face consultations since the month.