Reuters quoted senior Trump administration officials on Thursday, as saying that the US and China will launch trade talks today in an effort to avert a potential trade war.

Key Highlights:

The two officials said that Peter Navarro, the White House trade and manufacturing adviser, will not be a principal player on the U.S. side.

Instead, U.S. Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer will lead the American delegation in talks with Chinese Vice Premier Liu He, the top economic adviser to President Xi Jinping.


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