The U.S. and China have agreed to go back to the negotiating table in the coming days to review the progress of their “phase one” trade deal, according to the Chinese commerce ministry. It comes after talks scheduled for last Saturday were postponed due to a scheduling conflict, according to Reuters. Spokespersons for the U.S. Treasury and Office of the U.S. Trade Representative were not immediately available when contacted by CNBC. The “phase one” trade deal, signed in January, paused a damaging trade war between the world’s two largest economies that involved retaliatory tariffs being slapped on billions of dollars worth of goods. The review of the trade deal comes as ties between the U.S. and China have deteriorated in recent months.

Source: The Standard August 20, 2020 14:25 UTC