WASHINGTON – President Donald Trump said on Tuesday that Finance Minister Steven Mnuchin would soon be traveling to China for talks while the two world economic powers deal with trade tensions.
Trump said during a White House press conference with French President Emmanuel Macron that Mnuchin would travel to China in a few days. Trump said the US and China are "very serious" and reiterated his plans to introduce tariffs of up to $ 100 billion more for Chinese goods.
"We have introduced very high tariffs, and that will remain so if we do not sign a trade deal, and I think we have a very good chance of making a deal," Trump said.
The United States and China have moved to the brink of the most serious trade conflict since World War II. Both countries have proposed $ 50 billion in tariffs for their products; Trump wants to introduce tariffs of up to $ 100 billion on Chinese goods.
Mnuchin has been optimistic that countries could avoid a trade war. He met with tax officials from China, Japan and Europe last week.
And as a sign of progress, Chinese President Xi Jinping earlier this month vowed to open the Chinese market to foreign companies, and hopes that the conflict with Washington can be resolved
The Ministry of Commerce in Beijing said this past weekend China will welcome a visit from the US to discuss trade issues.
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