21 May 2018
US Tsy Sec. Mnuchin: meaningful progress was made in the latest China trade talks
The US Treasury Secretary Steven Mnuchin, speaking to CNBC this Monday, was noted saying that meaningful progress was made in the latest China trade talks.
Key quotes:
• Discussed lowering tariffs with China.
• To increase US exports to China significantly.
• Having trade dispute with China, not a trade war.
• Could boost energy exports to China under agreement.
• Possible changes to ZTE enforcement under review.
• Expects 2018 economic growth to be very strong.
• Strong USD is good for the US in long-term.