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Trade war

US invites China to talks as trade war escalates

Ministerial-level meeting would come before next wave of tariffs, White House adviser says

U.S. Secretary of the Treasury Steven Mnuchin testifies to a House Financial Services hearing in July in Washington.   © Reuters

WASHINGTON (Reuters) -- The Trump administration has invited Chinese officials to restart trade talks, the White House's top economic adviser said on Wednesday, as Washington prepares to escalate the U.S.-China trade war with tariffs on $200 billion worth of Chinese goods.

Larry Kudlow, who heads the White House Economic Council, told Fox Business Network that U.S. Treasury Secretary Steven Mnuchin had sent an invitation to senior Chinese officials, but he declined to provide further details.

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