China says it will host U.S. trade talks next week

China said Thursday it will host face-to-face trade talks with U.S. officials in Beijing on Jan. 7 and 8, Bloomberg reports.

Why it matters: This is the first time negotiators from the two countries will meet after President Trump and Chinese President Xi Jinping agreed to a 90-day trade war ceasefire on Dec. 1. The U.S. delegation will reportedly be led by Deputy U.S. Trade Representative Jeffrey Gerrish.

Go deeper: Reading the China trade talk tea leaves