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China, U.S. to hold lower-level trade talks in late August

According to Beijing, China will be holding trade talks with the United States. This offers the possibility of a resolution to a major trade issue.

“The lower rank of the delegation suggests that both sides remain far apart, and an agreement reached for this visit is very unlikely,” Jonas Short, head of the Beijing office at investment bank Everbright Sun Hung Kai, was quoted was quoted as writing in Reuters.

it isn’t clear whether the talks will take place before or after Aug. 23, when the tariffs are set to take effect.

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