Trump described China, the EU and Russia as trade "foes" and threatened to hammer the entire $500 billion in goods the US imports from China with punitive tariffs. "We share a desire to have a more balanced relationship and the balanced relationship is by us selling more goods (to China)." "I think it's a tremendous opportunity for us and a tremendous opportunity for China. The Treasury Secretary also spoke of current and possible future trade sanctions, mentioning North Korea, Iran, Venezuela and Nicaragua. "We're pleased with the dialogue but there will not be sanctions relief until there is real progress," Mnuchin said.

Source: The Nation Bangkok July 21, 2018 15:56 UTC