US Treasury Chief Steven Mnuchin ‘cautiously optimistic’ ahead of China trade talks
Key Trump official says US delegation will raise intellectual property rights and the trade imbalance on high-stakes visit to Beijing later this week
American and Chinese officials will hold highly anticipated trade talks in China on Thursday and Friday, US Treasury Secretary Steven Mnuchin told Fox Business Network, saying he was “cautiously optimistic” about the meeting.
Mnuchin said in the interview that aired on Monday that American officials planned to raise intellectual property rights, joint technology and joint ventures with Chinese officials.
“We’re looking to have a very frank discussion on trade, on the issues of the trade imbalance,” he said.
China has said it is open to trade negotiations with the US after President Donald Trump proposed imposing tariffs on US$50 billion in Chinese exports and threatened additional tariffs on US$100 billion of goods. China, in response, said it will impose its own tariffs on American products.
Asked about concerns over possible retaliatory measures by China, Mnuchin said: “It’s not a worry of mine,” adding that Trump was focused on “free and fair and reciprocal trade.”