US Treasury Secretary May Visit China Again To Continue Trade Talks

SMS
US Treasury Secretary May Visit China Again To Continue Trade Talks
Treasury Secretary Steven Mnuchin was just in China less than a month ago, and a Chinese delegation visited D.C. in early May.
SHOW TRANSCRIPT

Less than a month after he returned from trade talks in China, Treasury Secretary Steven Mnuchin announced he may be going back.

At a Senate Appropriations subcommittee hearing, Mnuchin said, "My expectation is that we will go to Beijing at some point in the near future to continue ... discussions."

The remarks from Mnuchin come the day after President Donald Trump denied that relations between China and the U.S. had soured. The president also said he felt optimistic that an end to the countries' ongoing trade war was within sight.

President Trump also urged China to buy American farm products. The Department of Agriculture told Reuters that it's paid over $8 billion to U.S. farmers to help offset losses from trade partners' tariffs, including China's.

Mnuchin didn't say when he might be visiting Beijing.

Additional reporting from Newsy affiliate CNN.