“It took us 20 years to build up the supply chain in China.”

U.S. and Chinese trade officials held a “constructive” phone conversation on Tuesday, White House economic adviser Larry Kudlow said, marking a new round of talks after the world’s two largest economies agreed to a truce in a year-long trade war.

Top American and China negotiators are set to speak this week but disagreements threaten to bog down discussions.

At their Osaka meeting, Trump and Xi agreed to restart trade talks and work to improve US-China ties. Trump also stated he would add no additional tariffs to Chinese goods. The meeting demonstrates the continued importance of dispute management between the two economic powerhouses.

The US-China trade war is having a devastating effect on the global solar industry, and the cost of solar installations in the US has significantly increased.

The path to ending the trade war remains far from clear.

The US-China trade truce is welcome news, but far from a resolution. To overcome the various uncertainties and structural challenges within the US-China relationship, we should turn this truce to a longer-term effort to restore trust, normal economic relations, and a strengthening of multilateralism.

Existing U.S. tariffs will have to be removed if there is to be a trade deal between Beijing and Washington, China’s commerce ministry said.

Top representatives from the United States and China are arranging to resume talks next week to try to resolve a year-long trade war between the world’s two largest economies, Trump administration officials said on Wednesday.