Trump Says US Treasury Secretary to Visit China

April 25, 2018 Share Print 0

President Donald Trump said Tuesday that Treasury Secretary Steven Mnuchin will soon travel to China for talks as the two global economic powers deal with trade tensions.

Trump said during a White House news conference with French President Emmanuel Macron that Mnuchin will be going to China “in a few days to negotiate on trade.” Trump said the U.S. and China are “very serious” and reiterated his plans to impose tariffs of up to $100 billion more on Chinese goods.

“We’ve put on very substantial tariffs, and that will continue unless we make a trade deal. I think we’ve got a very good chance of making a deal,” Trump said.

The United States and China have moved to the brink of the most consequential trade dispute since World War II. Both countries have proposed tariffs of $50 billion on each other’s products; Trump is looking to impose tariffs up to $100 billion more on Chinese goods.

via Mainichi

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.