Steven Mnuchin looks forward to trade talks with China
US President Donald Trump says that the US-China trade negotiations are progressing ‘very well’
Beijing — US treasury secretary Steven Mnuchin said he was looking forward to trade talks with China on Thursday, as discussions in Beijing moved to a higher level, in a push to de-escalate a tariff war ahead of a March 1 deadline for a deal. The talks, scheduled to run to the end of Friday, follow three days of deputy-level meetings to work out technical details, including a mechanism for enforcing any trade agreement. "Looking forward to discussions today," Mnuchin told reporters without elaborating as he left his hotel. He and US Trade Representative Robert Lighthizer opened the meetings shortly afterward at the Diaoyutai state guest house with Chinese vice-premier Liu He, the top economic adviser to Chinese President Xi Jinping. US tariffs on $200bn worth of imports from China are scheduled to rise to 25% from 10% if the two sides don't reach a deal by the deadline, increasing pressure and costs in sectors from consumer electronics to agriculture. US President Donald Trump told ...
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