“We’re putting the trade war on hold,” Mr. Mnuchin said on “Fox News Sunday”in 19th May.
Recently, both countries have shown a willingness to compromise to reduce trade tensions, and Chinese officials came to Washington for a series of talks with various cabinet officials,
including Treasury Secretary Steven Mnuchin.
WASHINGTON — China will increase its purchase of American goods and services in order to reduce the multibillion-dollar trade imbalance with the United States,
the two countries said in a joint statement Saturday.
Chinese negotiators left Washington with a significant win: a willingness by the Trump administration to hold off for now on imposing tariffs on up to $150 billion in Chinese imports.
“The two sides have come to recognize that only through consultation can we properly handle trade disputes,” Lu Kang, the spokesman for China’s foreign ministry,
said during his daily news briefing on Monday.
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news from New York Times.
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