News Alert: Treasury secretary: U.S. is 'putting the trade war on hold' with China and administration will delay tariffs

Treasury Secretary Steven Mnuchin said that the United States and China are stepping back from a possible trade war after two days of talks that produced "meaningful progress." Despite not getting China to agree to trim its overall trade surplus with America by a specific amount, Mnuchin said the U.S. team did get a number of commitments on a "framework" for reducing the deficit over time, including big increases in purchases of farm products and a doubling of purchases of U.S. energy products.

Democracy Dies in Darkness     News Alert May 20, 12:25 PM     Treasury secretary: U.S. is 'putting the trade war on hold' with China and administration will delay tariffs Treasury Secretary Steven Mnuchin said that the United States and China are stepping back from a possible trade war after two days of talks that produced "meaningful progress." Despite not getting China to agree to trim its overall trade surplus with America by a specific amount, Mnuchin said the U.S. team did get a number of commitments on a "framework" for reducing the deficit over time, including big increases in purchases of farm products and a doubling of purchases of U.S. energy products. Read more » Advertisement You received this email because you signed up for news alerts from The Washington Post. Manage my newsletters and alerts | Unsubscribe Privacy Policy | Help ©2018 The Washington Post, 1301 K St NW, Washington DC 20071