1/15, 1:50 PM (Source: TeleTrader)
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Mnuchin: US to cancel more China tariffs in phase 2

United States Treasury Secretary Steven Mnuchin said on Wednesday the US plans to cancel additional tariffs to China in the second phase of the trade agreement, which will incorporate technology and cybersecurity issues.

Mnuchin added that Huawei and 5G network implementation wasn't a part of the dialogue and that it will be negotiated separately. "Huawei is not a chess piece in the US-China relationship," he stated.

Previously, Mnuchin claimed that there will be no reduction in tariffs on Chinese goods in the phase one trade deal which is expected to be signed later today.

Breaking the News / ND