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US Treasury Secretary Mnuchin says he hopes the next trade talks will bring a deal or a decision to ‘move on’

  • The treasury secretary tells Fox Business that talks, which resume Tuesday in Beijing, making progress, more work needed
  • ‘There is a strong desire from both sides to see if we can wrap this up or move on,’ Mnuchin said

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US Secretary of the Treasury Steven Mnuchin said on Monday he hoped the next rounds of trade talks with China would either produce a deal or a recommendation to “move on”. Photo: EPA-EFE

US Treasury Secretary Steven Mnuchin said on Monday he hoped that the next two rounds of trade talks with China would either produce a deal he could recommend to President Donald Trump to sign or “move on”.

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Mnuchin, speaking on the US television channel Fox Business, said that the US team led by Trade Representative Robert Lighthizer “have made more progress than ever before” towards a real agreement that includes enforcement provisions.

Top trade negotiators from both countries are to meet in Beijing on Tuesday, after which Chinese officials will travel to Washington for more talks.

“There is a strong desire from both sides to see if we can wrap this up or move on,” Mnuchin said.

Asked when that might happen, Mnuchin said: “We hope within the next two rounds in China and in DC to be at the point where we can either recommend to the president we have a deal or make a recommendation that we don’t.”

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