U.S. China trade talks are likely to resume next week over a principal-level phone call

United States and China are expected to resume talks next week to resolve their year-long trade war, an update from Trump office said on Wednesday. A principal-level phone call between the officials of the two countries is to be scheduled for next week.

"Those talks will continue in earnest this coming week," White House Economic Adviser Larry Kudlow told reporters in a briefing.

The principal negotiators on the U.S. side are U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, while China's top negotiator is Vice Premier Liu He.

Telephonic discussions have been going on between both the parties since last weekend, when Donald Trump and Chinese President Xi Jinping agreed to relaunch the stalled talks.

Kudlow however has not disclosed any timeline for relaunching face-to-face talks and said that the announcement would happen soon.

Talks were stalled in May after U.S. officials accused China of pulling back from its agreed commitments. The U.S. accused China of allowing intellectual property theft and forcing U.S. companies to share their technology with Chinese counterparts in order to do business. China, however denied such practices.

Trump agreed not to put tariffs on some US$300 billion worth of Chinese imports and to loosen restrictions on Chinese technology company Huawei as an incentive to start the talks.

The U.S. continues with 25 per cent tariffs on US$250 billion worth of Chinese goods including semi-conductors and furniture.

"We've been accommodative. We will not lift tariffs during the talks," Kudlow said.

Trump announced on last Saturday that U.S. companies would be allowed to sell products to Huawei on licence, which was placed in an Entity List in May over national security issues.