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In December, Beijing´s commerce ministry said China and the U.S. "made new progress" on the issues of trade balance and intellectual property -one of the main sticking points of the trade dispute - during a phone call between officials from the two countries.

Lighthizer's office was also responsible for the original report past year that laid out allegations of Chinese theft of USA intellectual property and formally kicked off the tariff process.

Washington and Beijing imposed tit-for-tat tariffs on more than $300 billion worth of goods in total two-way trade a year ago, locking them in a conflict that has begun to eat into profits and contributed to stock market plunges.

Deputy US Trade Representative Jeffrey Gerrish is due lead the team to China for the first face-to-face discussions, which will include officials from the Treasury, Commerce and Agriculture departments as well. In the meantime we are doing well in various Trade Negotiations now going on.

The Ministry of Commerce said Friday the two days of talks are aimed at carrying out last month's agreement by Presidents Donald Trump and Xi Jinping to postpone new tariff hikes in their battle over Beijing's technology policy.

"I think we will make a deal with China", Trump said at the White House, and noted that talks are underway with China "at the highest levels". "Can they compromise? We'll see".

Both governments face economic pressure to reach a settlement. Trade Representative Robert Lighthizer is the top US official in the ongoing trade discussions, while Vice Premier Liu He is China's top representative.

The makeup of the USA team was announced Friday by the trade representative's office. For the 2018 full year, Apple shares fell 7 percent, though they are up about 24 percent since Trump took office in January 2017. They complain China's companies are treated unfairly in national security reviews of proposed corporate acquisitions, though nearly all deals are approved unchanged.

The Commerce Ministry confirmed that Gerrish would lead the United States delegation at the talks. Some U.S. demands would require structural reform that may be unpalatable for Chinese leaders.

Some manufacturers that serve the United States have shifted production to other countries.

Another 33 percent of companies said they plan to move out of China in the next six to 12 months, according to the UBS report.