National Economic Council Director Larry Kudlow said this week that the United States, Mexico, and Canada Agreement (USMCA) eliminated unfair trade practices, helps American workers and sends a message to China. President Trump announced the agreement this week, which replaces the North American Free Trade Agreement (NAFTA), calling it “historic” and a “great deal for all three countries.”

With USMCA in place,  Kudlow said this week that trade talks between the U.S. and China could pick up again when officials meet in Buenos Aires in December for the Group of 20 meeting. Kudlow said there are no formal plans to resume talks, but U.S. officials are ready to negotiate if the conversations are serious,

In an interview with National Public Radio, China’s ambassador to the United States said the trade war could be resolved through “good faith,” but asserted that “the U.S. position keeps changing.” The diplomat, Cui Tiankai, told NPR that China is ready to make a deal and is willing to take steps to reduce the U.S. trade deficit with China. China is willing to commit to “reforms” to its economy, but the U.S. must clarify what it wants, he said.

In the latest rounds of talks  between the two countries in September, Washington placed a 10 percent tax on $200 billion worth of Chinese goods. China retaliated with tariffs of 5 percent to 10 percent on $60 billion worth U.S. products.