US Treasury Secretary Steven Mnuchin says he is hopeful of progress at this week’s trade talks. Photo: C-Span

US Treasury Secretary Steven Mnuchin plays down expectations that this week’s talks will resolve trade war

  • Vice-Premier Liu He, who will lead the Chinese delegation, is scheduled to meet US President Donald Trump on Thursday
  • Mnuchin sees prospects for ‘significant progress’ but underlines complexity of issues
Topic |   US-China trade war

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US Treasury Secretary Steven Mnuchin says he is hopeful of progress at this week’s trade talks. Photo: C-Span
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US President Donald Trump and China’s President Xi Jinping in Beijing on November 9, 2017. Photo: AFP

What does winning the US-China trade war look like for Donald Trump and Xi Jinping?

  • For Trump to declare victory he needs China to further open its market to American exports; Xi needs the US to eliminate or sharply reduce tariffs
  • Some say the most the two sides can achieve in the near term is a ‘mini-deal’
Topic |   US-China trade war

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US President Donald Trump and China’s President Xi Jinping in Beijing on November 9, 2017. Photo: AFP
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