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US Treasury Sec. Mnuchin: US will keep in place tariffs on Chinese imports for now – Reuters
Reuters reports that US Treasury Secretary Mnuchin says tariffs will stay in place until there’s a phase 2 of China trade agreement.
Key notes
- Mnuchin says Trump may consider removing tariffs under phase 2.
- Mnuchin says China has made strong commitments it will not manipulate currency.
- China trade deal documents will be released on Wednesday.
- US-China trade deal fully enforceable.
US Treasury Secretary Steven Mnuchin said on Tuesday the united states would keep in place tariffs on Chinese goods until the completion of a second phase of a US-China trade agreement. "These tariffs will stay in place until there is a phase 2. If the president gets a phase 2 in place quickly, he'll consider releasing tariffs as part of phase 2," Mnuchin told reporters,
– Reuters reports.
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Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.
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