BEIJING ¨C The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods, Politico reported on Wednesday after U.S. Treasury Secretary Steven Mnuchin said the two countries completed ¡°productive¡± talks in Beijing.
Mnuchin, along with U.S. Trade Representative Robert Lighthizer, held a day of discussions with Chinese Vice Premier Liu He, aimed at ending a trade war. The talks are to resume next week in Washington, where some observers say a deal announcement is possible.
¡°Ambassador Lighthizer and I just concluded productive meetings with China¡¯s Vice Premier Liu He. We will continue our talks in Washington, D.C. next week,¡± Mnuchin wrote on his Twitter account. He gave no details.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.