President Donald Trump said Tuesday that Treasury Secretary Steven Mnuchin will soon travel to China for talks as the two global economic powers deal with trade tensions.
Trump said during a White House news conference with French President Emmanuel Macron that Mnuchin will be going to China “in a few days to negotiate on trade.” Trump said the U.S. and China are “very serious” and reiterated his plans to impose tariffs of up to $100 billion more on Chinese goods.
“We’ve put on very substantial tariffs, and that will continue unless we make a trade deal. I think we’ve got a very good chance of making a deal,” Trump said.
The United States and China have moved to the brink of the most consequential trade dispute since World War II. Both countries have proposed tariffs of $50 billion on each other’s products; Trump is looking to impose tariffs up to $100 billion more on Chinese goods.