Mnuchin hopes latest talks may seal trade deal

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Steven Mnuchin waits to testify before a Senate Finance Committee confirmation hearing on his nomination to be Treasury secretary in Washington, the United States, on January 19, 2017. Victor nets winner for Crown Xinhua/Bao Dandan

WASHINGTON (Reuters) – US Treasury Secretary Steven Mnuchin, in an television interview that aired yesterday, said he hopes that the United States and China can finalise a trade deal with two more rounds of talks between the global economic powerhouses.

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Speaking to Fox Business Network as the latest round of trade negotiations commence in Beijing, Mr Mnuchin also said the part of the negotiations aimed at enforcement is close to finished. Another round of talks is planned for next month Washington.

“We still have more work to do,” Mr Mnuchin said. “I think there is a strong desire from both sides to see if we can wrap this up or move on.”

“We hope within the next two rounds, in China and in DC, to get to the point where we can either recommend to the president that we have a deal or recommend that we don’t,” he told the television network.

Mr Mnuchin and US Trade Representative Robert Lighthizer are scheduled to travel to Beijing on Monday for the latest negotiations in what could be the talks’ end game.

Chinese Vice Premier Liu He will visit Washington for discussions starting on May 8.

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