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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 MnuchinDemocrats justified in filibustering GOP, says Schumer Yellen provides signature for paper currency Biden's name will not appear on stimulus checks, White House says 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 LighthizerBob LighthizerWhiskey, workers and friends caught in the trade dispute crossfire GOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 MORE are heading to Beijing this week in hopes of finalizing a deal to end the extended economic dispute.

Last year, President TrumpDonald TrumpSt. Louis lawyer who pointed gun at Black Lives Matter protesters considering Senate run Chauvin found guilty as nation exhales US says Iran negotiations are 'positive' 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.