President Donald Trump said a new round of trade talks with China is underway, ending a stalemate between the two countries amid escalating tariffs.

Xi to present Trump with terms for settling fight, including asking the U.S. to lift all punitive tariffs.

The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the U.S. use of tariffs in the dispute, a senior administration official said on Tuesday.

Leaders’ agenda laid out during Lighthizer-Liu call on Monday. Each side seeks concessions, both want to limit market turmoil

FedEx Corp on Monday sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese companies.

Senior Chinese and U.S. trade officials spoke by telephone on Monday ahead of talks between Chinese President Xi Jinping and U.S. President Donald Trump set for later this week, as the world’s two largest economies remain locked in a tariff war.

Move follows White House executive order restricting some foreign-made gear and services

Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and U.S. presidents at this week’s G20 summit in Japan.