(William Selway & Ben Brody – Bloomberg)
Treasury Secretary Steven Mnuchin said he’s optimistic the U.S. can reach an agreement with China that will avert the need for President Donald Trump to impose tariffs on at least $50 billion of goods from the country.
“We’re having very productive conversations with them,” Mnuchin said on “Fox News Sunday,” when discussing talks with China. “I’m cautiously hopeful we reach an agreement.”
Trump on Thursday also directed Mnuchin to propose new investment restrictions on Chinese companies within 60 days to safeguard technologies the U.S. views as strategic. He has said he also wants a $100 billion decrease in the U.S. trade deficit with China. Click here to read more.
- Trump Will Impose China Tariffs, Not Worried About Recent Market Losses (Fox News)
- China ‘Open’ to Talks With U.S. Amid Spiraling Tariff Spat (Associated Press)
- Markets Edge Higher on Hopes U.S. and China Can Resolve Trump Tariff Row (The Guardian)