China says 'vice ministerial' officials will be in Washington for trade talks on Wednesday [CNBC]
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Source: CNBC
Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October . State-controlled media CCTV reported on Tuesday that the Vice Minister of the Finance Ministry, Liao Min, will be leading a vice-ministerial delegation to discuss trade and economic issues, according to CNBC's translation. The meeting comes at the invitation of the U.S., CCTV reported. The timing of the meeting was unclear — prior to the Chinese report, Reuters cited U.S. trade officials as saying that deputy-level talks would commence Thursday. The U.S. and China have been engaged in a trade battle for more than a year, with both sides slapping retaliatory tariffs on each other's goods worth billions of dollars. Tensions escalated last month when both sides announced increased tariffs on each other's goods . In response to earlier duties, China announced on Aug. 23 it would apply new tariffs of between 5% and 10% on $75 billion worth of goods from the
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