China has returned a written response to U.S. trade demands. According to sources quoted by Reuters, the response addressed U.S. concerns raised on intellectual property, U.S. access to China and the trade deficit. The Chinese Commerce Ministry also confirmed high-level trade talks between the two nations have resumed. A spokesman says the two sides are "maintaining close contact" since the November 1st phone conversation between President Trump and Chinese President Xi Jinping.
The top White House Economic Adviser, Larry Kudlow, says the U.S. is now communicating at all levels with China on trade. He also confirmed there will be talks between the two leaders at the G20 summit in Argentina later this month and he says trade will absolutely be included in those discussions.
Kudlow also addressed comments made by Peter Navarro. That's the President's trade adviser. Kudlow said Navarro "misspoke" Friday when he said Wall Street was pressuring President Trump to make a trade deal with China, and that the financial sector should retreat.