Treasury Secretary Steven Mnuchin told the Wall Street Journal that the next step in trade negotiations with China may not lift tariffs.
Steven Mnuchin said the next step in trade negotiations with China could be a phase "2A" that removes some, but not all, of the tariffs, according to the Wall Street Journal.
The United States and China officially signed the first phase of the trade deal last week in Washington, D.C. Treasury Secretary Steve Mnuchin speaks about sanctions against Turkey at a news briefing at the White House in Washington, October 11, 2019.on Tuesday that a phase 2 trade deal with China may not remove all of the current tariffs.
In an interview with the newspaper at the World Economic Forum in Davos, Switzerland, Mnuchin said the next step in trade negotiations with China could be a phase "2A" that removes some, but not all, of the tariffs.The United States and China officially signed the first phase of the trade deal last week in Washington, D.C. As part of the agreement, China said it plans to buy more goods from the U.S. over the next two years. The U.S.
Mnuchin also said that some European countries could face tariffs if they impose taxes on U.S. tech companies, according to the Journal.
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