Mnuchin to visit China to discuss trade issues

Randal Sanchez
April 25, 2018

"I think we've got a very good chance of making a deal", said President Donald Trump, who called China's leader Xi Jinping "a friend of mine", but noted there were still deal barriers.

Trump made the remarks at the White House following a meeting with visiting French President Emmanuel Macron, according to the White House pool report, Xinhua reported. If the two sides can't reach agreement, he said, proposed US tariffs on billions of dollars in Chinese goods will take effect as planned. He met last week with financial officials from China, Japan and Europe. His three predecessors all visited China just months after taking office.

The Treasury Department said Saturday that Mnuchin would travel to China but didn't say when he would go.

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The Trump administration has recently threatened to impose tariffs on up to 150 billion USA dollars of Chinese imports, while China has vowed to retaliate against US exports if the Trump administration moves forward with the tariffs.

Both countries have proposed tariffs on the other, after the Trump administration's "Section 301" investigation into China's business practices.

While some of the rhetoric around the trade tariffs on China has ceased down over the past couple of weeks, the prospect of a trade war has not.

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