U.S. 'hopeful' deal can be reached with China on trade: Mnuchin
- 6 years ago
Amid growing concerns of a trade war between the U.S. and China, U.S. Treasury Secretary Steve Mnuchin is striking a more subdued tone.
He told Fox News on Sunday that he's "cautiously hopeful" both sides can reach an agreement on some issues, despite threats of tit-for-tat tariffs.
However, he added that President Trump's proposed tariffs on at least 60-billion-dollars-worth of Chinese goods would go ahead unless both sides can reach an acceptable deal.
China has already threatened retaliatory tariffs on American agriculture products and fears of a trade war have sent U.S. stocks tumbling.
He told Fox News on Sunday that he's "cautiously hopeful" both sides can reach an agreement on some issues, despite threats of tit-for-tat tariffs.
However, he added that President Trump's proposed tariffs on at least 60-billion-dollars-worth of Chinese goods would go ahead unless both sides can reach an acceptable deal.
China has already threatened retaliatory tariffs on American agriculture products and fears of a trade war have sent U.S. stocks tumbling.
Trump hails trade war truce reached with Chinese President Xi Jinping as incredible deal
Arirang News
Trump hails trade war truce reached with Chinese President Xi Jinping as incredible deal
Arirang News