Breaking News: US official: Communication with China remains open to try to resolve trade differences

An official for the Trump administration has recently shared the latest developments on trade relations with China.

Key quotes (via Reuters)

• Trump has directed Lighthizer to consider increasing the tariff rate on $200 billion of Chinese goods to 25 pct from 10 pct.
• Public comment period on potential new tariff rate extended until Sept. 5.
• Communication with China remains open to try to resolve trade differences.
• Trump remains open to further "Conversations" with China.
• Officials are in contact with Chinese counterparts to determine whether conditions are right to hold negotiations.
• It is important that countries do not devalue their currencies for trade advantage.
• Possible tariff rate increase is not due to any specific action by China.
• Possible tariff rate increase part of efforts to consider different options to "encourage" China to change behavior.