US, China putting trade war on hold, Treasury's Mnuchin says - Business News - News Summed Up

US, China putting trade war on hold, Treasury's Mnuchin says - Business News


"We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold while we try to execute the framework," Mnuchin said in a television interview on "Fox News Sunday. China responded with its own measures targeting U.S. agriculture.The top U.S. trade official, Robert Lighthizer, said that getting China to open its market to more U.S. exports was significant, but that it was far more important for the United States to resolve issues with China such as forced technology transfers and cyber theft. And in that communique, you can see where we're going next. "If any of the remedies are altered they are still going to be very, very, tough, including big fines, compliance measures, new management, new boards," he said.


Source: The Star May 20, 2018 23:03 UTC



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