Mnuchin expects more face-to-face China trade meetings

FAN Editor

Talks with Chinese trade negotiators are continuing and further trips to China are in the planning stages, according to Treasury Secretary Stephen Mnuchin.

Continue Reading Below

“There’s isn’t an invitation in place from Vice Premier Liu He at this time,” Mnuchin told FOX Bsuiness’ Edward Lawrence. “But it doesn’t mean a U.S. delegation won’t go.”

“There’s definitely level calls going on this week, they’ll be a principal call that we have with him next week,” said Mnuchin.

“My expectation is we will most likely have some meetings, we have not yet determined whether they will be first deputy level meetings,” Mnuchin added.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

If need be, Mnuchin and Ambassador Robert Lighthizer are prepared to travel. The two are expected to meet with the Vice Premier before the two presidents meet.

The U.S. and China announced the framework last week for the first phase of a trade deal that would see Beijing raise its agricultural purchases to as much as $50 billion from about $8 billion to $16 billion in addition to reforming intellectual property practices.

CLICK HERE TO READ MORE ON FOX BUSINESS

In return, the U.S. agreed to not raise tariffs on Chinese products from 25 percent to 30 percent on Oct. 15. A decision has not yet been made on the tariff increase scheduled for Dec. 15.

Free America Network Articles

Leave a Reply

Next Post

Sterling falters as Brexit deal hope fades, shares pause after five-day rally

FILE PHOTO: British five pound banknotes are seen in this picture illustration taken November 14, 2017. REUTERS/Benoit Tessier/Illustration/File Photo October 17, 2019 By Hideyuki Sano and Swati Pandey TOKYO/SYDNEY (Reuters) – Sterling faltered on fading hopes of a Brexit deal on Thursday, while a five-session rally in Asian stocks ran […]