Treasury Secretary Mnuchin considering trip to China amid trade spat

US Treasury Secretary Steven Mnuchin said he is considering a trip to China, and is "cautiously optimistic" the Unite...

Posted: Apr 22, 2018 5:28 PM
Updated: Apr 22, 2018 5:28 PM

US Treasury Secretary Steven Mnuchin said he is considering a trip to China, and is "cautiously optimistic" the United States can broker a trade deal with Beijing.

"A trip is under consideration," Mnuchin told reporters at a press conference in Washington DC on Saturday. "I'm not going to make a comment on timing, nor do I have anything confirmed."

On the sidelines of the IMF World Bank spring meeting, Mnuchin met with Yi Gang, governor of the People's Bank of China, where they discussed China's central bank, not trade, the secretary said.

When asked if a trip to Beijing signaled a positive direction in talks, a senior Treasury official told reporters he would echo the secretary's message that talks between the two countries have been "encouraging."

Related: Trump threatens China with new $100 billion tariff plan

The Chinese Commerce Ministry said Sunday that "China has received a message from the US about its willingness to hold bilateral trade talks in Beijing."

"China welcomes this move," the ministry said in a brief statement.

Tensions between the world's two biggest trading partners have rattled financial markets and elevated concerns of a trade war. The Trump administration has proposed imposing tariffs on as much as $150 billion worth of Chinese imports. Beijing has vowed to retaliate with its own measures against American soybeans to television makers.

Related: China hits the United States with tariffs on $3 billion of exports

Mnuchin said China has been "very helpful" in supporting US sanctions against North Korea, and welcomed the regime leader's announcement on Friday to suspend nuclear testing.

Still, he said the US would continue to exert its "maximum pressure" campaign until the rogue regime abandons its nuclear weapons program in a proven way.

-- Steven Jiang contributed to this report.

Terre Haute
Partly Cloudy
59° wxIcon
Hi: 61° Lo: 58°
Feels Like: 59°
Robinson
Partly Cloudy
58° wxIcon
Hi: 61° Lo: 57°
Feels Like: 58°
Indianapolis
Cloudy
59° wxIcon
Hi: 63° Lo: 58°
Feels Like: 59°
Rockville
Partly Cloudy
55° wxIcon
Hi: 59° Lo: 57°
Feels Like: 55°
Casey
Partly Cloudy
53° wxIcon
Hi: 59° Lo: 54°
Feels Like: 53°
Brazil
Partly Cloudy
59° wxIcon
Hi: 60° Lo: 58°
Feels Like: 59°
Marshall
Partly Cloudy
59° wxIcon
Hi: 60° Lo: 55°
Feels Like: 59°
Cloud cover returns this afternoon.
WTHI Planner
WTHI Temps
WTHI Radar

WTHI Events

 

Illinois Coronavirus Cases

(Widget updates once daily at 7 p.m. CT)

Cases: 1675793

Reported Deaths: 27960
CountyCasesDeaths
Cook63468311202
DuPage1081271376
Will912621126
Lake800101085
Kane68370871
Winnebago41041560
Madison40087596
St. Clair36272596
McHenry34708329
Champaign26998197
Peoria26928368
Sangamon25754285
McLean23012218
Tazewell20647330
Rock Island18854361
Kankakee17910248
Kendall16203113
Macon15305250
LaSalle15030287
Vermilion14371199
Adams13156152
DeKalb12152133
Williamson12054174
Whiteside8297183
Jackson808694
Boone794383
Coles7888124
Ogle756887
Grundy738086
Franklin7330115
Knox7286169
Clinton7124102
Macoupin6951105
Marion6918143
Henry663777
Effingham660299
Jefferson6550143
Livingston597698
Stephenson584592
Woodford576892
Randolph5553100
Christian533682
Fulton526976
Monroe5246103
Morgan5076100
Logan495074
Montgomery491681
Lee478660
Bureau442691
Saline433869
Perry433275
Fayette430664
Iroquois421577
McDonough373761
Shelby347748
Jersey335653
Lawrence332533
Crawford332430
Douglas327337
Union306548
Wayne304063
White279833
Richland279557
Hancock274135
Cass266230
Clark265740
Pike264558
Clay258754
Edgar258049
Bond256925
Warren244066
Ford243959
Carroll236438
Moultrie234533
Johnson228131
Wabash217319
Jo Daviess216029
Massac215550
Mason214252
Washington212228
De Witt205530
Greene205340
Mercer204336
Piatt201614
Cumberland190026
Menard172213
Jasper161221
Marshall141321
Hamilton134022
Schuyler107710
Brown106510
Edwards104018
Pulaski103911
Stark81628
Gallatin7878
Alexander71912
Scott7136
Henderson70314
Calhoun6922
Hardin60116
Putnam5654
Pope5526
Unassigned1702433
Out of IL160

Indiana Coronavirus Cases

(Widget updates once daily at 8 p.m. ET)

Cases: 1003647

Reported Deaths: 16423
CountyCasesDeaths
Marion1351072116
Lake661851159
Allen57674800
Hamilton46217464
St. Joseph44210611
Elkhart35807508
Vanderburgh32162480
Tippecanoe27859258
Johnson25007444
Hendricks23795357
Porter22856365
Madison18694408
Clark18505252
Vigo17393303
Monroe15218199
LaPorte15101250
Delaware15024261
Howard14681289
Kosciusko12260147
Hancock11682175
Bartholomew11548180
Warrick11270189
Floyd11059214
Wayne10946253
Grant10019219
Morgan9438176
Boone8891116
Dubois8249131
Dearborn819893
Henry8174152
Noble8003106
Marshall7891135
Cass7519121
Lawrence7433171
Shelby7171119
Jackson695889
Gibson6567115
Harrison646691
Huntington636899
Knox6360106
DeKalb628699
Montgomery6229109
Miami591498
Putnam577678
Clinton572171
Whitley563455
Steuben558976
Wabash5309103
Jasper527879
Jefferson509297
Ripley498686
Adams479775
Daviess4653114
Scott438473
Greene423596
Wells422588
Clay421360
White417364
Decatur4152102
Fayette405787
Jennings385961
Posey375844
Washington356150
LaGrange356078
Randolph343499
Spencer338743
Fountain333860
Sullivan327852
Starke315570
Owen313970
Fulton309167
Orange292663
Jay283445
Franklin265143
Perry264852
Rush260832
Carroll260633
Vermillion257254
Parke230426
Pike228443
Tipton227259
Blackford191841
Pulaski183157
Crawford159023
Newton156848
Benton150217
Brown145747
Martin138019
Switzerland134811
Warren120816
Union107016
Ohio84213
Unassigned0540