US, China Nearing 'concluding Issues' in Trade Talks: Mnuchin
US Treasury Secretary Steven Mnuchin said Saturday trade talks with China were getting close to their conclusion.
Washington, Apr 13 (AFP) US Treasury Secretary Steven Mnuchin said Saturday trade talks with China were getting close to their conclusion.
Since January, shuttle diplomacy between Washington and Beijing to resolve their nine-month trade war has dragged on longer than officials had expected. Both sides have continued to project cautious optimism without predicting success.
"It is more important to get it right than have arbitrary date," Mnuchin told reporters. But "I'm hopeful we're getting close to the final round of concluding issues."
A sticking point in the talks has been American officials' insistence that any final agreement have teeth -- and that they retain the ability to impose fresh tariffs should Beijing backslide on its commitments.
Mnuchin declined to get into details on Saturday.
"There are certain commitments the United States is making in this agreement and there are certain commitments that China is making," he said.
"And I would expect that the enforcement mechanism works in both directions."
Trump said last week a conclusion in the talks was probably "four weeks" away but since discussions began earlier this year to end the nine-month trade war, the finish line has repeatedly slipped further into the future. (AFP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)