- U.S. Treasury Secretary Mnuchin: Not at point of making a recommendation to U.S. President Trump on the disposition of scheduled December 15 tariffs on Chinese goods - Reuters
Market news
30 October 2019
U.S. Treasury Secretary Mnuchin: Not at point of making a recommendation to U.S. President Trump on the disposition of scheduled December 15 tariffs on Chinese goods - Reuters
- Says it will take some time to scale up China's agricultural purchase to $40-50 billion annual target
- Agricultural targets in phase one trade deal are based on Chinese commitments to buy specific products
- Encouraged by the Chinese vice commerce minister's comments on planned market openings, removal of certain investment restrictions
- Pledges to open financial services market and eliminate forced tech transfers are "consistent with our agreement for phase one trade deal"
- China financial services market openings not based on anything negotiated during Obama-era bilateral investment treaty talks
- No trip planned to Beijing for more in-person talks, phone calls have been productive and will continue
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