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16 December
Monday

World

Trade war US and China can stopped soon

US Treasury Secretary Steven Mnuchin said about progress with Beijing

Photo: Bloomberg

/NOVOSTIVL/ US Treasury Secretary Steven Mnuchin said on Wednesday that US-China trade talks continue to make progress and that the two sides have basically settled on a mechanism to police any agreement, including new enforcement offices. This article appeared in the Reuters.

Mnuchin, speaking on CNBC television, said that a call with Chinese Vice Premier Liu He on Tuesday night was productive and that discussions would resume on Thursday. Mnuchin declined to comment on when or if US tariffs on US$250 billion worth of Chinese goods would be removed.

Although US President Donald Trump said recently that a deal could be ready around the end of April, Mnuchin declined to put a time frame on the negotiations, adding that Trump was focused on getting the “right deal”.

Washington is demanding that China implement significant reforms to curb the theft of US intellectual property and end forced transfers of technology from American companies to Chinese firms.

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