US trade negotiators want to make “meaningful progress” in upcoming talks with China, Treasury Secretary Steven Mnuchin said Thursday, one day after conciliatory gestures by both sides boosted hopes of an eventual resolution. Mnuchin said on CNBC he is “cautiously optimistic” about chances for a deal to resolve the conflict, but Washington and Beijing will first hold talks at the deputy level to ensure senior officials who meet later can advance. “We don’t want a trip that’s just a series of discussions. We want to make meaningful progress,” he said. However, he again warned that President Donald Trump will only accept a good deal, and is willing to raise tariffs if necessary. There have been positive signs this week in the trade conflict, now entering its second year, as Trump agreed to Beijing’s request to delay one round of tariff increases on $250 billion worth of goods to October 15 after China agreed to spare some US products from its retaliations. China added Thursday that it was “making enquiries” about buying American farm products including big-ticket items like pork and soybeans, not on its previous list of spared goods. “It is expected that China will be buying large amounts of… Read full this story
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