Next Two Rounds of China Trade Talks Critical

Treasury Secretary Steven Mnuchin said the trade negotiations with China have entered the final stages and hopes the next couple rounds of trade talks with China will bring a deal or a decision to “move on.”

The U.S. and China meet again this week in Beijing, and officials from China are scheduled to then revisit Washington to continue the negotiations next week. The South China Morning Post reports that Chinese President Xi Jinping may visit the White House in June, in what would be an expected meeting to sign an agreement.

Agriculture groups are seeking an agreement that removes tariffs on U.S. products implemented as part of the tit-for-tat trade war between the U.S. and China. However, Trump has previously stated that U.S. tariffs may remain following an agreement.