Friday, 25 May, 2018

Mnuchin will head to China for trade talks

A ZTE booth at an expo in Beijing A ZTE booth at an expo in Beijing
Kenneth Drake | 25 April, 2018, 16:07

"They trade with us [but] we can't trade with them", President Trump declared.

"We have a very good chance of making a deal", Trump said in a meeting with French President Emmanuel Macron.

China has said it would welcome a visit by US Treasury Secretary Steven Mnuchin, who is seeking to resolve a tense trade dispute between the world's two largest economies after Trump threatened to impose tariffs on Chinese imports.

"It is important that as a global community we keep trade open and ensure that we work within the multilateral system".

Mnuchin will travel with U.S. Trade Representative Robert Lighthizer, National Economic Council director Larry Kudlow, and White House trade adviser Peter Navarro.


Both countries have proposed tariffs on the other, after the Trump administration's "Section 301" investigation into China's business practices.

Trump's remarks came after Mnuchin said Saturday that he was considering a trip to Beijing to discuss trade issues with his Chinese counterparts.

The U.S.is simply looking to protect American jobs from unfair competition, he added.

Ray Crosby, president of Champion Safe, said that if the playing field isn't leveled, his firm may shutter its production facility in Utah, which employs about 100 people, and join other US safe makers that now manufacture in China.

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