Mnuchin Says Trade War Is ‘On Hold’

Treasury Secretary Steven Mnuchin said that the United States and China are stepping back from a possible trade war after two days of talks that produced “meaningful progress,” the Washington Post reports.

“Despite not getting China to agree to trim its overall trade surplus with America by a specific amount, Mnuchin said the U.S. team did get a number of commitments on a framework for reducing the deficit over time, including big increases in purchases of farm products and a doubling of purchases of U.S. energy products.”

Said Mnuchin: “We are putting the trade war on hold.”

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