Washington, Sept. 14 -- Officials from the US and China plan to meet in Madrid on Sunday for their fourth round of talks aiming to extend a truce in US President Donald Trump's trade war, the New York Times reported.

The trade war rocked the global economy earlier this year, but relations have stabilised after a series of temporary truces. The latest pause on US tariffs placed on imports from China is scheduled to expire in November, and officials from both countries are under pressure to prevent relations from backsliding, the New York Times reported.

Trump's tariffs have added pressure on inflation, which remains elevated. The Federal Reserve is expected to cut interest rates this week, a move intended to encourage economic growth tha...