TEHRAN, April 09 - Following the latest trade clash between the United States and China due to tariffs the two countries have imposed on one another’s goods, US Treasury Secretary Steven Mnuchin says he does not expect a trade war.
TEHRAN, Young Journalists Club (YJC) -Following the latest trade clash between the United States and China due to tariffs the two countries have imposed on one another’s goods, US Treasury Secretary Steven Mnuchin says he does not expect a trade war.
“Our expectation is that we don’t think there will be a trade war. Our objective is to continue to have discussions with China. We want to have free and fair reciprocal trade,” Mnuchin told CBS’ Face The Nation.
The White House revealed late Thursday that Trump asked his US trade representative to evaluate the need for tariffs on an additional $100 billion of Chinese goods on top of the tariffs the US has already slapped on $50 billion worth of products from China.
After announcing earlier in the week it was prepared for a retaliatory 25-percent tariff on $50 billion worth of US imports, China said Friday that it would “dedicate itself to the end and at any cost and will definitely fight back firmly" if the US persists with the tariffs.
Source:Press TV
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