U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to China soon to continue talks as Washington and Beijing seek to resolve a trade war that has cast a pall over the global economy and financial markets, Trend reports citing Reuters.
Mnuchin did not elaborate on the timing of future negotiations but characterized two days of high-level talks with Chinese officials in Washington last week as constructive.
“My expectation is that we will go to Beijing at some point in the near future to continue those discussions,” he said in a U.S. Senate Appropriations subcommittee hearing. “We’re continuing discussions. There’s still a lot of work to do.”
Mnuchin’s remarks dovetailed with a cooling of the Trump administration’s rhetoric toward China after another round of tit-for-tat tariffs between the world’s two largest economies and a selloff on global stock markets.