US President Donald Trump will meet with China’s trade envoy this week during talks aimed at resolving the trade dispute with Beijing, US Treasury Secretary Steven Mnuchin said on Monday (Jan 28). US Secretary of the Treasury Steven Mnuchin said the need to make any agreement with China enforceable was ‘obvious’. (AFP/Mandel NGAN) Chinese Vice Premier Liu He is leading a delegation of 30 officials to Washington for talks on Wednesday and Thursday as the pressure mounts on both sides to reach a deal. Beijing and Washington have a month remaining in a truce declared in December before US tariffs on hundreds of billions in Chinese exports are due to increase sharply – a prospect economists say could help knock the wind out of an already-faltering global economy. Mnuchin told reporters he expected “significant progress at these meetings.” He will participate in the talks along with US Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross, among others. While Trump has made the soaring US$336 billion US trade deficit with China a particular focus of his ire, American officials also are demanding far-reaching reforms to Chinese industrial policy to curb the alleged theft of American technological know-how and massive state… Read full this story
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