US-China Trade Talks on Tap Amid US Tariffs, Hearing on More Tariffs

China's Ministry of Commerce announced late-Wednesday that the U.S. and China will hold trade talks with a Chinese delegation headed to the U.S. later this month. China's Vice Commerce Minister Wang Shouwen will lead the Chinese team that will meet with U.S. Treasury Undersecretary for International Affairs David Malpass.The visit comes at the invitation of the U.S. and is viewed as a session to gauge whether to not higher-level discussions can be held. Some in China are labeling the officials headed to the U.S. as a "senior" Chinese delegation, while U.S. officials have indicated the talks are lower-level, exploratory discussions.Meanwhile, what had been three days of hearings next week by the Office of the U.S. Trade Representative (USTR) on the proposed $200 billion in tariffs on Chinese goods will now cover the full week, according to the trade agency. Around 370 are scheduled to testify at the sessions. Originally, the talks were scheduled to last just three days.