China and the United States agreed on Thursday to begin a new round of trade talks next month ​following retaliatory tariffs imposed earlier this weekby Beijing and Washington.

Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin agreed to the new negotiations during a phone call, China’s commerce ministry announced on its website.

​Officials from both countries will hold talks later this month in preparation for the high-level meeting in October in Washington, DC.

“Both sides agreed they should work together and take practical actions to create favorable conditions for the negotiations,” ​the statement said.

Ministry spokesman Gao Feng confirmed the phone call at his weekly briefing.

“We’ll strive to achieve substantial progress during the 13th Sino-U.S. high-level negotiations in early October,” he said.

Lighthizer’s office said in a statement that “ministerial-level” talks will be held in Washington “to lay the groundwork for meaningful progress.”

Negotiations broke down following direct talks in July in Shanghai.

The development comes after the US on Sunday began imposing 15 percent tariffs on $125 billion worth of Chinese goods, including shoes, clothing and consumer technology.

China also slapped tariffs on $75 billion worth of US products.

​The US is expected to hit China with another round of tariffs on Dec. 15.​

Source: New York Posts

• Private sector expected to drive national economy
• Businesses capitalize on recovery momentum to explore market expansion
• Việt Nam has opportunities to attract, develop the offshoring market
• Workshop talks human resources development for semiconductor industry
• Strengthening consumer protection and improving debt collection critical to promote consumer lending development: conference