United States and Chinese trade negotiators will resume talks in Washington in early October, Beijing said Thursday after new punitive tariffs raised fears of a breakdown in the protracted negotiations.
Trump aims to balance trade between the two countries, which has been largely favourable to China.
The tide of trade optimism also lifted oil prices, but the gain was capped by a report showing an unexpected increase in USA crude inventories.
The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - as China began imposing new duties on USA crude, the latest escalation in a bruising trade war.
The U.S., Europe, Japan and other trading partners say those plans violate China's market-opening commitments and are based on stealing or pressuring companies to hand over technology. China said on Monday it had lodged a complaint against the United States at the World Trade Organization.
In the meantime, both sides continued their tit-for-tat trade war this week. Trump announced in August that he was ready to increase rates on existing tariffs from 25% to 30% on $250bn worth of Chinese goods in October, including tuna, tilapia and red swimming crab.
Top officials last met in Shanghai in July for discussions that were described as "constructive" but ended with no announcements.
China immediately hit back, slapping tariffs of up to 10 percent on over 1,700 items imported from the US.
The National Retail Federation said it was encouraged by confirmation of in-person trade talks, and urged Washington to end the trade war and work for a rollback of all tariffs.
This week China said it had lodged a complaint against the USA with the World Trade Organization (WTO), one day after new tariffs came into force.
With fears growing that the global economy's hurtling toward a recession, officials in Beijing and Washington both confirmed that the two sides will sit for high-level meetings early next month.
The news will be seen as a sign of optimism in a trade war that has weighed on the global economy and stock markets while also shaking diplomatic relations between the two global powers.
Analysts noted that investors remain nervous and markets could react with volatility on comments or actions from either side.
The United States and China have agreed to resume face-to-face negotiations meant to end their ongoing trade war, CNN reports. -China talks in October.
The United States plans to increase the tariff rate to 30 per cent from the 25 per cent duty already in place on $250 billion worth of Chinese imports from October 1. While Trump's administration ratchets up the tariff pressure, China is having to add stimulus to support its slowing economy.