Finance Minister Steven Mnuchin said a call between US and Chinese commercial officials is scheduled for later Thursday.
"Ambassador [Robert] Lighthizer and I have scheduled a call today with our colleagues today, this will be the second conversation we have had and there has been a staff-level discussion," Mnuchin told CNBC's Squawk on Thursday Box ". "We are working under the direction of President Trump and President Xi from the meeting in Osaka and we will see where we are going."
Mnuchin added that he would expect personal meetings if the call went well.
China and the US agreed last month at the G20 summit in Osaka, Japan, to resume trade talks and avoid introducing additional tariffs. The world's largest economies have been engaged in a trade war for more than a year and are maintaining uncertainty over financial markets and the global economic outlook when the Trump Government weighs up China's call for lifting restrictions on telecom giant Huawei.
Mnuchin said Huawei was not a sticking point in the negotiations, but added that "there are just a lot of complicated issues."
We were very far in the business. We were disappointed that we have declined on certain points, "he said," but if we can do a good business, this is a great opportunity for US companies and US workers. "
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