Moneycontrol
Get App
Last Updated : Jan 15, 2020 09:49 PM IST | Source: Reuters

Phase 2 of China trade deal to address certain tech issues: Steven Mnuchin

President Donald Trump and Chinese Vice Premier Liu He are due to sign the pact at a ceremony at the White House at 11:30 a.m. EST, marking a truce after 18 months of tit-for-tat tariffs that have weighed on global economic growth.

US Treasury Secretary Steven Mnuchin said on January 15 that some technology and cybersecurity issues would be resolved in the next chapter of a deal to end a trade dispute between the United States and China.

"I think a very significant amount of the technology issues are in Phase 1. There are other certain areas of services away from financial services that will be in Phase 2. There are certain additional cybersecurity issues that will be in Phase 2," Mnuchin told CNBC as the two countries were poised to sign the first phase of the agreement.

Close

"There still more issues to deal with and we'll address those."

President Donald Trump and Chinese Vice Premier Liu He are due to sign the pact at a ceremony at the White House at 11:30 a.m. EST, marking a truce after 18 months of tit-for-tat tariffs that have weighed on global economic growth.

The ceremony comes just as the US Senate prepares to begin its impeachment trial of Trump, only the third US president ever impeached.

 

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Jan 15, 2020 07:40 pm
Sections
Follow us on
Available On