US Treasury’s Mnuchin to visit China next week for trade talks


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US Treasury’s Mnuchin to visit China next week for trade talks

On Wednesday, the 6th of February, 2019, the US Treasury’s Mnuchin had said that he, alongside other US officials, would be travelling to Beijing next week for next round of trade talks, as the two countries had been eyeing on snatching an auspicious deal before the trade truce deadline on March 2nd.

In an interview with the CNBC, the US Treasury Secretary, David Mnuchin had been quoted saying that the recent leg of trade talk among him alongside, US trade representative, Robert Lighthizer, with Chinese Vice Premier, Liu He, in Washington next to White House, was "very productive".

In the interview, the US Treasury’s Mnuchin also said, “Ambassador Lighthizer and myself and a large team are on our way to Beijing next week. We are committed to continue these talks.

We’re putting in an enormous amount of effort to try to hit this deadline and get a deal. So that’s our objective." Meanwhile, the US president Donald Trump said in the State of the Union address on later on Tuesday (February 5th), “Any new trade deal with China must include real, structural change to end unfair trade practices, reduce our chronic trade deficit and protect American jobs.

Despite intense financial outcry conceived by an explicit trade war between US and China, the US President had vowed to enhance tariff on $200 billion worth of Chinese imports, if the two countries could not reach a practical deal between the trade truce deadline, GMT.

05.01, March 2nd.