Upon the invitation from the U.S., Liao Min, deputy director of the Office of the Central Commission for Financial and Economic Affairs and Vice Finance Minister, plans to lead a delegation to visit the United States for trade consultations on Wednesday.

The visit will pave the way for the 13th round of China-U.S. high-level economic and trade consultations in October in Washington, DC. 

On September 5, Chinese Vice Premier Liu He had a phone conversation with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, at the invitation of the U.S., whith both sides agreeing to hold trade talks.

The 12th round of economic and trade consultations between China and the U.S., which was the last high-level trade consultation, was held in Shanghai from July 30-31. 

At the time, the two sides discussed why previous negotiations were halted, clarified their views on certain economic and trade issues and discussed the principles and methods for future talks, said Gao Feng, spokesperson for the Chinese Ministry of Commerce.

China's Customs Tariff Commission of the State Council said Friday it will exclude some agricultural products such as soybeans and pork from the additional tariffs on U.S. goods, following market principles and WTO rules, according to official sources.

The U.S. decided Wednesday to postpone the additional five-percent tariffs on 250 billion U.S. dollars worth of Chinese imports from October 1 to 15.

U.S. President Donald Trump said the delay is "a gesture of goodwill" that may help patch up the damaged ties between the world's two largest economies.

China welcomes the U.S. decision on the postponement of tariffs and hopes both sides move in the same direction to prepare for the next round of trade consultations, spokesman Gao said at a press conference Thursday.