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Treasury Secretary Going to China

Will engage in more trade talks

Secretary of the Treasury Steven Mnuchin, along with other U.S. officials, will travel to Beijing next week for ongoing trade talks. U.S. tariffs on Chinese goods are set to go into effect on March 2nd. Both nations want to solve this before the deadline.

On Wednesday, Secretary Mnuchin said the talks that occurred in Washington last week with the Chinese vice premier were “very productive.”

“Ambassador Lighthizer and myself and a large team are on our way to Beijing next week. We are committed to continue these talks,” the secretary said. “We’re putting in an enormous amount of effort to try to hit this deadline and get a deal. So that’s our objective.”

President Trump, in his State of the Union address, said that any new trade deal with China “must include real, structural change to end unfair trade practices, reduce our economic trade deficit, and protect American jobs.’

Sources: Reuters, CNBC
As the Lord Leads, pray with us:
  • For Secretary Mnuchin and the U.S. delegation to get closer to a deal on the trade deficit with China.
  • About other trade deals that are being negotiated to enable the U.S. to be “on a fair playing field” internationally.