US Treasury Secretary Open to New China Talks

U.S. Treasury Secretary Steven Mnuchin said the Trump administration is open to holding new talks with China if the two sides can proceed on the basis of previous negotiations.

Mnuchin, speaking to reporters after testifying at a House Financial Services Committee hearing, said Trump would defend U.S. farmers against retaliation and “be very careful” with exclusions from tariffs on Chinese goods to try to protect consumers and U.S. companies.



“We support our farmers. If China wants to come back to the table and move forward on the basis we were, we’re open for conversations,” Mnuchin said.

via Reuters

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Alfonso Esparza

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.
Alfonso Esparza