China and the U.S. reached a modest breakthrough in their standoff over trade, saying they will hold lower-level talks later this month on the spiraling dispute.
China’s Commerce Ministry said Thursday that a vice minister will travel to the U.S. at an unspecified date, at the invitation of the Treasury Department, to discuss trade issues. A senior U.S. government official confirmed the talks and said: “We expect to discuss steps to achieve a more balanced trading relationship.”
...