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U.S.' Mnuchin hopes for 'productive' trade meetings in China

Reuters  |  BEIJING 

BEIJING (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday he hopes for "productive" trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other.U.S. tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides cannot reach a deal by a March 1 deadline, increasing pain and costs in sectors from consumer electronics to agriculture.Mnuchin, asked by reporters as he left his Beijing hotel what his hopes were for the ...

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First Published: Wed, February 13 2019. 06:44 IST