August 29 (Reuters) – China’s Ministry of Commerce says China and the United States are discussing face-to-face trade talks scheduled for September in the US.

The ministry added that China opposes the escalation of the trade war with the United States and is eager to settle the matter calmly.

Ministry spokesman Gao Feng told reporters at the weekly information meeting that both sides “must create conditions” for progress in the negotiations.

European stock markets recovered their initial losses after China said it was opposed to the escalation of the trade war and wanted to resolve the matter “calmly”. He also hoped the US would cancel additional customs duties that were planned to prevent the escalation in the trade war.

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