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Home / World / Mnuchin Says Trade Negotiations With China Are in 'The Final Laps'

Mnuchin Says Trade Negotiations With China Are in 'The Final Laps'



LOS ANGELES – Secretary of the Treasury Steven Mnuchin said on Sunday that trade talks between the United States and China were about to go to Beijing for a final vote.

The United States and China have gone through the economic relationship between the world's largest economies.

Mr. Mnuchin, one of President Trump's lead negotiators, said that the two sides are closer to an agreement, and that they are nearing a point where they would either produce a deal or end with no agreement. "We're getting into the final laps," Mr. Mnuchin said in an interview on the sidelines of the Milken Institute's Global Conference in Los Angeles.

The Treasury secretary is heading to China on Monday with Robert E. Lighthizer , the Trump administration's top trade negotiator, to try to resolve the remaining sticking points between the countries.

The United States and China have been locked in a trade for months, exchanging tit-for-tat tariffs on billions of dollars 'worth of products and rattling global markets.'

Mr.

While Mr. Punishing Punctuation Tariffs on $ 250 billion worth of Chinese goods are making an effort to make significant changes to their economic practices Trump has said that with Chinese are going well, he has continued to speak. Still, the President said it could be nearing the end of the year when he said President Xi Jinping of China could soon be visiting the White House. Mr. Trump has said that he is holding a signing ceremony with Mr. Xi in the United States.

Mr. Mnuchin declined to predict whether or not the negotiations would be completed by the end of June. Mr. Trump to impose more agreement. "

" I think both sides have a desire to reach an agreement, "Mr. Mnuchin said.

Amongst the largest sticking points, the two sides would enforce any trade agreement, and would agree to remove all, or at least, of the tariffs it

This month, Mr. Mnuchin has said that it has been abrogated.

Mr , China's longstanding practice of subsidizing its industries. Mr. Trump's move this month to end will be like that. China to import oil from Iran.

China, which has criticized the move.

"China consistently opposes US unilateral sanctions, "Geng Shuang, a Chinese foreign ministry spokesman, said this month.

Mr. Iranian oil.

"There are still some significant issues that are open," he said.

Mnuchin said the trump administration has been made clear to China ]
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