From “China, U.S. to resume trade talks in Washington in October” out of the Washington Post’s Beijing bureau early Thursday:
BEIJING — China said Thursday its trade representatives will fly to Washington in early October to resume negotiations with the United States, raising the possibility that both sides might arrest a recent deterioration in the bilateral relationship that has cast a shadow over the world economy.
China’s top trade negotiator, Vice Premier Liu He, agreed to the October visit in a phone call with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert E. Lighthizer, China’s Commerce Ministry said in a statement. It added that “serious” mid-level discussions will begin in mid-September to prepare for the October visit.
The announcement marks the first sign that talks are getting back on track after both governments raised tariffs last month and engaged in a rhetorical back-and-forth that underscored the adversarial mood settling over the two capitals on issues extending well beyond trade. At one point, President Trump ordered American companies to leave China.
My take: Once again, China assumes the role of the adult at the table.