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Trump says Mnuchin to travel to China for trade talks
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IANS | 25 Apr, 2018
US President Donald Trump said on Tuesday that Treasury Secretary Steven
Mnuchin would be travelling to China next week to discuss trade issues.
Trump
made the remarks at the White House following a meeting with visiting
French President Emmanuel Macron, according to the White House pool
report, Xinhua reported.
"I think we've got a very good chance of making a deal," Trump said.
Trump's
remarks came after Mnuchin said Saturday that he was considering a trip
to Beijing to discuss trade issues with his Chinese counterparts.
"I
am not going to make any comment on the timing, nor do I have anything
confirmed, but a trip is under consideration," Mnuchin told reporters.
China
has received information regarding Mnuchin's possible trip to China and
China welcomes this information, China's Ministry of Commerce said on
Sunday.
The Trump administration has recently threatened to
impose tariffs on up to 150 billion U.S. dollars of Chinese imports,
while China has vowed to retaliate against US exports if the Trump
administration moves forward with the tariffs.
Unilateralism and
trade protectionism will inevitably harm others without benefiting
oneself as the global economy is deeply integrated, China's Foreign
Ministry spokesperson Hua Chunying said last week.
Citing a
report from the Brookings Institution, Hua said a US-China trade war
would result in a loss of more than 2.1 million jobs in 2,700 US
counties.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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