TELETRADER News
9/12, 2:19 PM (Source: TeleTrader)
more TeleTrader news

Mnuchin: Trump is ready to raise China tariffs if necessary

President Donald Trump is ready to keep the tariffs on Chinese products or raise them further if necessary, stated United States Treasury Secretary Steven Mnuchin on Thursday.

In an interview with CNBC, Mnuchin noted he is looking forward to making progress on trade with China in the following weeks. In that regard, the US expects China to buy its farm goods, which it ceased buying in early August as retaliation to the announcement of new tariffs, the official said, pointing out that Hong Kong is not an issue that will be included in the talks.

Trump will only agree to a deal that is good for US companies and workers, Mnuchin underlined.

Breaking the News / NI