U.S. Treasury's Mnuchin says expects January trade talks with China - Bloomberg

WASHINGTON (Reuters) - The United States and China are planning to hold meetings in January to 'document an agreement' on trade, U.S. Treasury Secretary Steven Mnuchin told Bloomberg in an interview on Tuesday. Mnuchin was quoted as saying the two sides had held several phone conversations in recent weeks, and were planning further formal talks.

Reuters December 19, 2018 03:05:23 IST
U.S. Treasury's Mnuchin says expects January trade talks with China - Bloomberg

US Treasurys Mnuchin says expects January trade talks with China  Bloomberg

WASHINGTON (Reuters) - The United States and China are planning to hold meetings in January to "document an agreement" on trade, U.S. Treasury Secretary Steven Mnuchin told Bloomberg in an interview on Tuesday.

Mnuchin was quoted as saying the two sides had held several phone conversations in recent weeks, and were planning further formal talks.

Trump administration officials had not disclosed plans for face-to-face meetings since a Dec. 1 trade truce reached between U.S. President Donald Trump and Chinese President Xi Jinping led to a delay in planned U.S. tariff increase until March 2.

"We’re in the process of confirming the logistics of several meetings and we’re determined to make sure that we use the time wisely, to try to resolve this," Mnuchin told Bloomberg. Both sides are now focused on trying "to document an agreement” by the deadline.

“We expect there will be meetings in January,” Mnuchin added.

A person familiar with the talks had told Reuters over the weekend that formal U.S.-China meetings were likely early in January.

Mnuchin said neither he nor Trump were aware of the arrest of a senior Huawei Technologies executive when they met with Xi in Buenos Aires, and said China understands that the trade talks and Huawei issues "are separate tracks," Mnuchin said.

The Treasury chief said reducing the U.S. trade deficit with China was still a major priority for Trump but added that this would take time and that the United States was also focused on securing structural changes in China's economy to help rebalance trade.

Mnuchin also told Bloomberg that he plans to remain Treasury secretary through the 2020 presidential election and perhaps longer if asked. The Wall Street Journal reported in November that Mnuchin might become a casualty of Trump's cabinet shake-ups.

"I foresee myself here at least through the first term and if the president wants me here for a second term when he’s re-elected, I would seriously entertain that," Mnuchin said.

(Reporting by David Lawder; Editing by Phil Berlowitz)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Police officer hailed for steering Capitol mob from Senate chamber
World

Police officer hailed for steering Capitol mob from Senate chamber

By Tom Hals (Reuters) - A police officer is being hailed for his role steering an angry mob away from the Senate chambers in Wednesday's deadly storming of the U.S. Capitol by supporters of President Donald Trump

At least 25 domestic terrorism cases opened as result of assault on Capitol -lawmaker
World

At least 25 domestic terrorism cases opened as result of assault on Capitol -lawmaker

WASHINGTON (Reuters) - At least 25 domestic terrorism cases have been opened as a result of Wednesday's assault on the Capitol by supporters of President Donald Trump, U.S. Army Secretary Ryan McCarthy told a Democratic lawmaker on Sunday

Indonesia locates black boxes of crashed jet as body parts recovered
World

Indonesia locates black boxes of crashed jet as body parts recovered

By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) - Indonesian authorities on Sunday located the black boxes of the Sriwijaya Air jet that crashed into the sea soon after taking off from the capital Jakarta, as human body parts and pieces of the plane were retrieved. The Boeing 737-500 with 62 passengers and crew was headed on a domestic flight to Pontianak in West Kalimantan on Saturday before it disappeared from radar screens four minutes after take-off