US trade officials to visit China soon, Trump says

Christine Lagarde head of the International Monetary Fund, attends a conference at the Cannes Lions Festival in Cannes France

Follow a press conference with French President Emmanuel Macron, Trump told reporters "China's very serious, and we're very serious".

US President Donald Trump on Tuesday said the US would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days.

"We've put on very substantial tariffs, and that will continue unless we make a trade deal". "We've got a very good chance at making a deal". The Chinese government in turn proposed its own tariffs on USA goods, targeting agriculture and other exports from rural and Midwest areas important to Trump's election.

Christine Lagarde, managing director of the International Monetary Fund (IMF), Saturday called on the United States and China to resolve trade tensions through rules-based multilateral institutions.

More news: NBA Playoff Betting: Minnesota Timberwolves vs. Houston Rockets

But in remarks that helped calm markets, Xi recently vowed to open China, including its auto and financial sectors, to more foreign trade and investment.

While some of the rhetoric around the trade tariffs on China has ceased down over the past couple of weeks, the prospect of a trade war has not.

Americana Development and the Champion Safe Co. of Provo, Utah, said in comments to the Office of U.S. Trade Representative that their cost for steel has risen by about 25%.

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