US-China Agree to Continue Implementing Phase One Deal... 'Trade Negotiation Representatives Talk' (Update)

[Asia Economy Reporter Naju-seok] The United States and China have agreed to continue implementing the Phase One trade agreement.

On the 24th (local time), the U.S. Trade Representative (USTR) announced in a statement that USTR Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin had agreed to this through a phone call with Chinese Vice Premier Liu He. The USTR described the call as a "regularly scheduled call."

The USTR explained, "Both sides discussed measures necessary to realize the structural changes requested of China, including strengthening protection of intellectual property rights, removing obstacles to U.S. companies in finance and agricultural products, and eliminating forced technology transfer." It added, "In addition to additional measures needed to implement the agreement, the expansion of China's purchases of U.S. products was also addressed."

Regarding this, "Both sides reviewed the implementation of the Phase One trade agreement and agreed to take necessary measures for its implementation," it said.

Originally, the two sides were scheduled to have a phone call on the 15th of this month, marking six months since the signing of the Phase One trade agreement. However, U.S. President Donald Trump officially postponed the talks, stating, "I do not want to talk with China right now."

This content was produced with the assistance of AI translation services.