On Thursday, Chinese Commerce Ministry spokesman Gao Feng said that governments of the U.S. and China are discussing a new round of trade negotiations. U.S.President Donald Trump's economic adviser, Larry Kudlow, said Wednesday that China has accepted the invitation from U.S. Treasury Secretary Steven Mnuchin to pursue talks on trade.
Last week, Trump threatened to impose tariffs on additional $200 billion of Chinese goods if he felt the need. So far this year, China and the U.S. have each slapped tariffs of 25% on more than $50 billion of each other's goods.