Mnuchin strikes positive note ahead of China trade talks, cites 'conceptual' enforcement agreement
Treasury Secretary Steven Mnuchin on Monday said the U.S. and China have a "conceptual" agreement on enforcement concerns, emphasizing positive progress already made in trade talks, which are set to resume at high levels in the coming weeks.
Treasury Secretary Steven Mnuchin on Monday said the U.S. and China have a "conceptual" agreement on enforcement concerns, emphasizing positive progress already made in trade talks, which are set to resume at high levels in the coming weeks. The two global economic superpowers have slapped hundreds of billions of dollars' worth of import taxes on each others goods since 2018, as the U.S. pressured China over trade deficits, alleged intellectual property theft and forced tech transfers, among other issues.
Talks at the "vice-minister level" will take place this month, Mnuchin said, followed by talks in Washington with Vice Premier Liu He in early October. After his appearance on Fox Business, Mnuchin told reporters at the White House that Yi Gang, governor of the People's Bank of China, will also participate in the October talks.
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