Politics

Report: U.S. and China in Trade Talks About Tariffs

LET’S MAKE A DEAL

American reps and Chinese counterparts now said to be in contact.

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REUTERS/Yuri Gripas / Reuters

China’s economic czar, Liu He, Treasury Secretary Steve Mnuchin, and U.S. Trade Representative Robert Lighthizer are leading talks to “improve U.S. access to Chinese markets,” The Wall Street Journal reports. In a letter last week, the Trump administration sent out specific requests to China—including “greater access to China’s financial sector by American companies,” sources told the Journal. Mnuchin also called Liu on Saturday and is reportedly “weighing a trip to Beijing” to pursue negotiations. The contact comes after President Trump signed $60 billion in new tariffs on the Chinese last week against intellectual-property theft.

Read it at The Wall Street Journal