USA and China have a 'conceptual' agreement on enforcement: Mnuchin

US eyeing sanctions over Turkey's S-400 buy Mnuchin

US eyeing sanctions over Turkey's S-400 buy Mnuchin

China's currency practices will be a topic of conversation during the next round of trade talks in China scheduled in Washington early next month, Treasury Secretary Steven Mnuchin said on Monday, according to Politico. "As we spy around the enviornment, there's no request that China is slowing, Europe is slowing - the U.S. is the out of the ordinary spot of the enviornment", Mnuchin told journalists after an appearance on Fox Business Network. "So we are looking forward to a lot of work being done in time for when (US Trade Representatives) Ambassador (Robert) Lighthizer and myself meet with the vice premier", he said.

"There is no question the USA economy is in very good shape".

Mnuchin said that the Trump administration will be looking at tax cuts 2.0 for the middle class. "We see very health robust growth for the balance of the year".

He acknowledged that there "ranking been definite situations the place there ranking been difficulties for companies", but that Team Trump "has performed a truly moral job managing the exception process on a case-by-case foundation".

The Wall Street Journal reported in August that Chinese imports of United States farm goods fell by 50% between 2017 and 2018 as the tariffs made those agricultural products more expensive.

3m BA pilots strike over pay
On its website , British Airways says: "We understand the frustration and disruption BALPA's strike action has caused you". Last night the Balpa pilots' union promised a "lengthy" campaign of industrial action until the row is resolved.

Secretary Mnuchin said it is "fair" to say the tariffs have impacted China, while "we have not seen yet" any impact on the USA economy.

An additional 15% tax on Chinese imports went into effect on about $112 billion worth of goods on September 1, with another round set to take effect in mid-December.

"We want to make sure they are in the no conservatorship on a permanent basis", said Mnuchin, adding that the administration is comfortable with moving ahead and making the changes that are needed.

High-level trade negotiations are due to take place in Washington next month after a summer of acrimony and deteriorating US-China trade relations.

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