/CHINA: The U.S. Treasury notes that "Vice.......>

US: /CHINA: The U.S. Treasury notes that "Vice Premier Liu He, U.S. Treasury

Secretary Steven T. Mnuchin, and Ambassador Robert Lighthizer participated in a

conference call today. They discussed economic and trade issues, including the

recently concluded Phase One agreement. The parties shared updates on COVID-19

and their assessments of its effects on economic growth as well as the measures

their countries are taking to provide support to their economies. The parties

discussed the ongoing process of implementing the Phase One agreement between

the two countries that went into effect February 14. Both sides agreed that good

progress is being made on creating the governmental infrastructures necessary to

make the agreement a success. They also agreed that in spite of the current

global health emergency, both countries fully expect to meet their obligations

under the agreement in a timely manner. Meetings required by the agreement have

been conducted via conference call and will continue on a regular basis."