Mnuchin on US-China trade talks: We are getting 'into the final laps'

Mnuchin on US-China trade talks: We are getting 'into the final laps'
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Treasury Secretary Steven MnuchinSteven Terner MnuchinCommerce Department withdraws Huawei rule after Pentagon pushback: reports  Hillicon Valley — Presented by Philip Morris International — Bezos phone breach raises fears over Saudi hacking | Amazon seeks to halt Microsoft's work on 'war cloud' | Lawmakers unveil surveillance reform bill On The Money — Presented by Wells Fargo — Mnuchin says officials working on new tax cuts | Watchdog charges former execs over Wells Fargo accounts scandal | Study questions Biden, Sanders tax plan claims MORE said Sunday that trade talks between the U.S. and China are entering their final stages.

“We’re getting into the final laps,” Mnuchin told The New York Times on the sidelines of the Milken Institute Global Conference in Los Angeles.

“I think both sides have a desire to reach an agreement,” he added. “We’ve made a lot of progress.”

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Mnuchin and U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerGOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 Pelosi sounds hopeful on new NAFTA deal despite tensions with White House MORE are heading to Beijing this week in hopes of finalizing a deal to end the extended economic dispute.

Last year, President TrumpDonald John TrumpTrump says his advice to impeachment defense team is 'just be honest' Trump expands tariffs on steel and aluminum imports CNN's Axelrod says impeachment didn't come up until 80 minutes into focus group MORE imposed steep tariffs on $250 billion worth of Chinese imports in a bid to pressure Beijing on a range of issues including intellectual property and technology transfer.

The two nations exchanged tit-for-tat tariffs throughout 2018, but have been engaged in trade talks this year, most recently with negotiators from both sides meeting several times.

Trump said last week that Chinese President Xi Jinping could soon be visiting the U.S., signaling to some that negotiations could be reaching their close.

Mnuchin declined to discuss specifics about the timing of a deal with the Times.