U.S. Secretary Treasury Steven Mnuchin is not aware of any changes surrounding President Erdogan’s visit to the White House.
Treasury Secretary Steven Mnuchin on Monday insisted the U.S. and China had reached a “fundamental agreement … subject to documentation” during trade talks in Washington last week.
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“We made substantial progress last week in the negotiations,” Mnuchin told CNBC. “China has agreed on agriculture that they’re gonna take off tariffs on agriculture … We’ve reached a fundamental agreement.”
U.S. tariffs set to be levied on Chinese goods on Oct. 15 were put off because of the negotiations, and Mnuchin said he anticipates not moving forward with Dec. 15 tariffs because he believes a deal will be in place by then.
Mnuchin explained how the next round of negotiations will move forward.
“The next phase of deputy level calls is going on this week. [U.S. Trade Representative Robert] Lighthizer and myself will have a principal level call with Vice Premier [Liu He] next week,” Mnuchin said, adding the two sides will “meet in Chile to finish the deal” during the Asian-Pacific Economic Cooperation meetings in mid-November.
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