China's Ministry of Commerce is holding its second regular press conference of July to address the latest economy and trade issues. On Tuesday Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin held phone talks. Earlier, Trump also agreed not to impose new tariffs on Chinese exports and allowed U.S. companies to sell their products to Chinese tech giant Huawei. What change will the talks bring to the economic and trade relations? CGTN takes you to the presser.