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Bloomberg quotes people familiar with the matter, as saying that the Chinese officials are sticking to their plan to visit Washington next month for face-to-face trade meetings.

A source said: “Chinese negotiators are still not very optimistic of any progress as officials are unlikely to make concessions in the run up to 1 October – which marks the celebration of the 70th anniversary of the founding of the People’s Republic.”

On Tuesday, in an unexpected move, the USTR announced a delay on the tariffs on the Chinese imports from September to December.