Trade talks between the United States and China will resume in Shanghai, China, on March 30-31.

US President George W. Bush and US Treasury Secretary Robert L. Heimer, US Treasury Secretary Stephen Mansushin and US Treasury Secretary Stephen Minshin, We will head to Shanghai to continue negotiations. "

The White House explained that "the US-China negotiations will start on the 30th and the Chinese side will lead the negotiating team."

The trade negotiations are scheduled for two days from the 30th.

Finance Minister Minshutu will appear on CNBC on the day, and Lieh Haier will head to China on 29th and say he will hold a two-day meeting in Shanghai on 30-31.

President Trump and the city's first high-level negotiations are held after the Osaka summit talks ended last month with the suspension of additional duties and resumption of negotiations.

After the Osaka summit, Mi - jung has been submerged through phone calls.

The White House emphasized that "negotiations will address a variety of issues, including intellectual property rights, pushing technology transfers, non-tariff barriers, agriculture, services, trade deficits, and implementation commitments."

"There is a lot of issues (in the US-China trade negotiations)," he said. "I expect that the negotiations will continue in Washington DC after the talks in Shanghai, and hopefully we will continue to make progress."

He said Shanghai is an important place in China and "I take it as good news that we will make progress next week."

"We do not expect all issues to be resolved, but it is important that we return to the negotiating table in accordance with the guidelines of the two countries," he told reporters at the White House. There will be some additional negotiations. "

The resumption of negotiations is only about two months.

The high-level talks between the US and China broke down in early May, failing to close the gap on China's trade agreement legislation and the abandonment of existing tariffs in line with enforcement measures.

President Trump and his city have agreed to resume talks in Osaka.

In addition to the existing core issues, the issue of Huawei, a Chinese telecom equipment provider, is also expected to be an important factor.

The Trump US administration blacklisted Huawei in May for reasons of national security concerns.

US companies are required to obtain prior approval from the US government to do business with Huawei, including selling parts.

President Trump said he would allow US companies to sell more Huawei shortly after the Osaka talks, suggesting that sanctions would be eased.

However, we have limited our sales to Huawei to areas where there is no possibility of security.

US Commerce Secretary Wilbur Roth said that 35 US companies applied for 50 exemptions for exports to China's telecom equipment maker Huawei.

However, the United States is in a position to partially mitigate sanctions while maintaining a blacklist for Huawei, but it is highly likely that China will demand a total ban.

According to CNBC, Hu Xinjin, editor of China's official media Global Times, told Twitter that if the sanctions on Huawei are not lifted, China will not reach a trade agreement.

(yunhap news)