Source: Business Insider
The US could keep tariffs on thousands of imports from China even if the two sides are able to forge a more comprehensive trade agreement, Treasury Secretary Steve Mnuchin said Tuesday. The comments came just days after President Donald Trump said that all tariffs would be removed if a phase-two deal is completed. While fresh trade negotiations are expected to begin soon, Trump has said he would prefer to wait until after the November election to finalize another agreement. Visit Business Insider’s homepage here . The US could keep tariffs on thousands of imports from China even if the two sides are able to forge a more comprehensive trade agreement, Treasury Secretary Steven Mnuchin said Tuesday. In an interview with The Wall Street Journal , Mnuchin said that a so-called phase-two deal may not be a “big bang” that lifts tariffs in a nearly-two year economic dispute between the largest economies. “We may do 2A and some of the tariffs come off,” Mnuchin told the Journal on the sidelines of the World Economic Forum in Davos. “We can do this sequentially along the way.” The US and China signed a phase-one agreement to ease tensions on Wednesday, paving the way for another stage of trade negotiations.