The second phase of a trade deal between the U.S. and China may come in stages, according to U.S. Treasury Secretary Steven Mnuchin.
Washington and Beijing announced on Friday that an agreement on phase one had been reached, pending legal procedures, an accord Mnuchin called "historic."
Secretary of the Treasury Steven Mnuchin answers questions from the press after an interview on CNBC on the North Lawn of the White House in Washington, September 12, 2019. REUTERS/Sarah Silbiger.The next phase of a trade deal between the U.S. and China could come in stages and is yet to be determined, according to U.S. Treasury Secretary Steven Mnuchin.had been reached, pending legal procedures, an accord Mnuchin called "historic.
"We are going to go into a very short period of time of having the translation scrubbed, the deal will be signed in early January and then we will start on phase two," Mnuchin told CNBC's Hadley Gamble at the Doha Forum on Saturday. President Donald Trump said Friday that the U.S. would begin negotiations on the next phase of the trade deal "immediately, rather than waiting until after the 2020 Election."
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