China’s commerce ministry has welcomed the possibility of a visit by US Treasury secretary Steven Mnuchin for trade talks, in a sign that the two economies are entering a negotiation phase after threats of tariffs from both sides.
Mr Mnuchin said on the sidelines of International Monetary Fund meetings in Washington on Saturday that “a trip is under consideration”, adding that he is “cautiously optimistic” about the chance of an agreement with Beijing, according to Reuters.
A Chinese commerce ministry spokesman on Sunday said China had “received information” about talks with the US over trade and economic issues and that China “expressed welcome”.
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