The U.S. and China head into trade talks next week with a shared set of worries—about wobbly markets and a slowdown in economic growth—that could sharpen their desire to cut a deal.

Deputy U.S. Trade Representative Jeffrey Gerrish will lead a delegation to meet Chinese counterparts Monday and Tuesday, China's commerce ministry said in a statement. It will be the first formal meeting since presidents Donald Trump and Xi Jinping agreed a 90-day tariff truce in Argentina last month.

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