Trump ‘firm’ on China’s monetary policy reform: US Vice President Pence


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Trump ‘firm’ on China’s monetary policy reform: US Vice President Pence

On Friday, the 3rd of May 2019, the US Vice President, Mike Pence said that the US president Donald Trump had been holding a strong stance over his demands for structural reforms in China’s financial practices and the latest, but momentary removal of US tariff on Chinese goods had merely been an instrument to hammer out a trade deal with China.

In a CNBC television interview, aired on Friday (May 3rd), US Vice President, Mike Pence had been quoted saying that Trump had still remained ‘very hopeful’ about rubberstamping a trade pact with China over the next week’s talk in Washington.

Nevertheless, followed by a round of talk this week in Beijing, what US Treasury’s Mnuchin had called “highly productive”, a team of Chinese delegates led by Vice Premiere Liu he would visit Washington this week to participate in the next round of trade talk, scheduled to begin by next Wednesday (May 8th), while multiple industry representatives had been quoted saying that this latest round of trade talk could have been an endgame.

Apart from that, US Treasury Secretary, Steven Mnuchin had also added after latest round of talks in Beijing that he had been expecting to recommend a deal to Trump by the end of next week.