So far, so good, Steve Mnuchin says of trade talks in China
US treasury secretary, who is set to meet Chinese vice-premier Liu He, is upbeat as talks get under way to resolve dispute
Beijing — US treasury secretary Steven Mnuchin said talks with China went well on Wednesday, as the world’s two largest economies try to iron out an agreement to resolve their trade dispute. “So far, so good,” he said when asked by reporters on how the meetings in Beijing went. He did not say who he met. Mnuchin said earlier he hoped for “productive” trade meetings as the two countries seek to end a festering dispute that has seen both sides level tariffs at one other. US tariffs on $200bn worth of imports from China are scheduled to rise to 25% from 10% if the two sides cannot reach a deal by the March 1 deadline, increasing pain and costs in sectors from consumer electronics to agriculture. Mnuchin, asked by reporters as he left his Beijing hotel what his hopes were for the visit, said “productive meetings”. He did not elaborate. Mnuchin, along with US trade representative Robert Lighthizer, arrived in the Chinese capital on Tuesday. US President Donald Trump said on Tuesday that ...
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