The U.S. and China will resume their trade talks next week.<br />According to Bloomberg, a delegation headed by U.S. Trade Representative Robert Lighthizer is visiting China next Monday through Wednesday for high-level talks in Shanghai,... the venue of Beijing's choosing.<br />The talks will be the first face-to-face negotiations between the two sides since their previous talks collapsed in May.<br />The U.S. and China have reportedly been speaking by phone since last month when the two leaders directed their negotiators to resume talks.<br />But, U.S. officials have played down the likelihood of a quick deal with China.<br />