US Finance Minister Steven Mnuchin announced on Wednesday that he is expected to travel to China soon to resume trade deal negotiations.
Mnuchin further emphasized that “there is still a lot of work to be done” in negotiations with China, Reuters reports. He also said that the trade talks in Washington were “constructive” at the end of last week.
Concerns about the trade conflict have recently risen sharply following China’s announcement to raise rates by 25% on $ 60 billion worth of US goods from 1 June. That was a reaction to President Trump’s announcement that Friday raised the rate of 10% to 25% on goods from China with a total value of $ 200 billion.