US Treasury Secretary Steven Mnuchin spoke to the Chinese Vice Premier Liu He on Friday about the trade dispute between the United States and China. China and the US imposed mutual tariffs.
Liu will visit Washington to continue talks, insiders said. According to the sources, a deal was discussed to loosen the trade tensions between the two economic superpowers, but the talks were unable to yield significant results.
President Donald Trump and his Chinese colleague Xi Jinping had telephone discussions about the trade war two weeks ago. The two leaders will meet later this month at the G20 summit in Argentine. Trump would then sign a trade agreement with Xi, should we believe the source.
Trump complained for a long time about the trade deficit that the US developed with China. He also accused China of unfair commercial practices. The American trade representative Robert Lighthizer would be in favor of continuing the impose import duties against China in order to force the country into concessions in the trade with the US.
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