The US Treasury says it has updated Trump on the remaining concerns about China’s trade practices and awaits the president’s action to address them, a sign that a trade war is still a possibility despite recent progress.
“Secretary Mnuchin updated President Trump on the Treasury Department’s progress,” a Treasury spokeswoman said in an emailed statement to Reuters on Tuesday. “The Secretary discussed options for the President’s consideration on the matter.”
The spokeswoman did not elaborate on the proposed investment restrictions or other possible actions that the Trump administration was considering as part of an ongoing probe into China’s intellectual property practices.
On Sunday, Beijing and Washington said they had agreed stop imposing heavy tariffs as punitive measures against each other in a bid to push back the possibility of a trade war.
The agreement came on Sunday after delegations led by Mnuchin and China’s…