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1/16, 1:49 AM (Source: TeleTrader)
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Pence: Phase two talks already started

Negotiations on the phase two trade agreement with China have already begun, according to United States Vice President Mike Pence.

"We've already begun discussions on a Phase 2 deal," Pence said in an interview with Fox Business hours after President Donald Trump signed the phase one deal.

Earlier, Treasury Secretary Steve Mnuchin said that a lot of unresolved issues remain for the second part of the comprehensive trade talks with Beijing, but stated he is confident the tariffs that will be kept in place will act as an incentive to get the deal done.

Breaking the News / JC