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.
About the author: Rick Culpepper
Rick Culpepper is of those journalists who dig the topic to the very bottom. He is often late with the delivery of the piece, but always does it perfectly. In his spare time, he collects data for one of the most high-profile investigations of corruption in the EU.