New round of China trade talks next week

U.S. trade officials met with their Chinese counterparts and other top officials in Beijing on Friday, where the two sides worked to resolve a trade dispute that has engulfed the two countries for months.

Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer met with Chinese President Xi Jinping on Friday after a week of senior-level meetings in Beijing. Further discussions are planned for Washington D.C. next week.

Representatives from the U.S. and China have been negotiating since the beginning of the year in an attempt to resolve a costly trade war that has so far led to back-and-forth tariff action from both governments.

Reuters reports that Xi touted the talks’ progress on Chinese state television Friday, while expressing his hope that negotiators could continue to work towards a “mutually beneficial” outcome next week in Washington.