Trade war with China ‘on hold’

US Treasury Secretary Steven Mnuchin says negotiations with Chinese officials have been successful and as a result a trade war with China is “on hold.”

“We’re putting the trade war on hold,” Mnuchin said on “Fox News Sunday,” but also threatened that Trump “could always decide to put the tariffs back on if China doesn’t go through with their commitments.”

Mnuchin said that the two sides agreed on a framework for reducing the US trade deficit with China and protecting US technology during high-level talks between the two sides on Thursday and Friday, although more meetings are required to finish the deal.

“Right now we have agreed to put the tariffs on hold while we try to execute the framework.”

In another sign of easing tensions between the two sides, after the two-day high-level talks in Washington, China’s official Xinhua news agency quoted China’s State Council Vice Premier Liu He saying: “The two sides…

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