'Historic' phase one deal with China will be very good for global growth: US treasury secretary
Treasury Secretary Steven Mnuchin speaks to the news media after giving a television interview at the White House in Washington, December 3, 2018.The "historic" phase one trade agreement reached Friday between the U.S. and China will boost global growth, according to U.S. Treasury Secretary Steven Mnuchin.
Speaking to CNBC's Hadley Gamble at the Doha Forum on Saturday, Mnuchin said the partial deal would address a host of issues central to Washington's trade agenda. "This deals with intellectual property, this deals with technology transfer, it deals with structural agricultural issues, financial services are opening up, currency understandings, as well as a commitment to purchase U.S. agriculture and U.S. goods," he said.
Mnuchin also dismissed the notion that the U.S. was pushing back on the rules-based trading system, arguing that a level playing field with China would benefit the global economy. "For a very long period of time the U.S. was open to China, China was not open to the U.S. There were very strong restrictions and for the first and second largest economy in the world, there should be more trading back and forth and that's what we've been working on, and I think these agreements will not only be good for the U.S., but will be very good for global growth," he added.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Treasury yields tick lower amid US-China trade optimismU.S. government debt prices were lower Friday, as investors monitored the prospect of a limited trade agreement between the U.S. and China.
Consulte Mais informação »
US reaches a phase one trade deal with China in principle pending Trump's approvalTrump met with his top economic advisors Thursday afternoon as he decides whether to delay tariffs set to take effect Sunday.
Consulte Mais informação »
Trump confirms 'phase one' trade deal with ChinaPresident Trump says he has agreed to a 'Phase One' trade deal with China. He says some tariffs on Chinese goods will remain at 25% and other tariffs will be reduced. Trump added that the new round of tariffs set to take effect on Sunday will be canceled.
Consulte Mais informação »
Trump Signs Phase One China Trade Deal, Avoiding Brutal December Tariffs[Update] Trump signs phase 1 China trade deal, avoiding brutal December tariffs
Consulte Mais informação »
Trump Signs Phase One China Trade Deal, Avoiding Brutal December TariffsThe long-awaited phase one trade deal has finally happened.
Consulte Mais informação »