• US Treasury secretary Mnuchin says US-China trade deal is 90% complete

Market news

26 June 2019

US Treasury secretary Mnuchin says US-China trade deal is 90% complete

Treasury Secretary Steven Mnuchin told that the U.S. and China were almost there on a trade deal. “We were about 90% of the way there (with a deal) and I think there’s a path to complete this,” he told.

He said he’s confident President Donald Trump and Chinese President Xi Jinping can make progress in stalled trade talks at the forthcoming Group of 20 (G-20) meeting this weekend. 

“The message we want to hear is that they want to come back to the table and continue because I think there is a good outcome for their economy and the U.S. economy to get balanced trade and to continue to build on this relationship.

Mnuchin said he was hopeful a deal could be struck by the end of the year but said “there needs to be the right efforts in place.”

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.