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Trading news
10 Apr 2019
US Treasury Sec. Mnuchin: Had very productive discussion on Tuesday evening with Chinese officials
U.S. Treasury Secretary Steven Mnuchin is now crossing the wires saying that he had a very productive discussion yesterday evening with Chinese officials.
Key quotes (via Reuters)
- Trump wants to make sure that U.S. has 'right deal' with China.
- Won't have arbitrary deadline for reaching an agreement with China.
- U.S., China have agreed to establish enforcement offices, have agreed on enforcement mechanism.
- Declines to comment on whether tariffs on Chinese goods will come off as part of a deal.
- EU tariff threats are specific to Airbus subsidies case.
- U.S. is 'bright spot' of economic growth, tariff issues not responsible for slowing global growth.