Mnuchin to visit China to discuss trade issues

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"We have a very good chance of making a deal", Trump said in a meeting with French President Emmanuel Macron.

US President Donald Trump on Tuesday said the US would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days.

Trump's remarks came after Mnuchin said on Saturday that he was considering a trip to China but was "not going to make any comment on timing, nor do I have anything confirmed".

Without tariffs on Chinese steel wheels and wheel assemblies, Americana - one of the last USA companies making steel wheels for RVs - will have no choice but to reduce production and staffing, Pizzola said. The Chinese government in turn proposed its own tariffs on US goods, targeting agriculture and other exports from rural and Midwest areas important to Trump's election.

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The United States and China have moved to the brink of the most consequential trade dispute since World War II.

US Treasury Secretary Steve Mnuchin has expressed interest in visiting Beijing for further trade negotiations, an announcement that was welcomed by the Chinese Ministry of Commerce.

And in a sign of progress, Chinese President Xi Jinping vowed earlier this month to open China's market wider to foreign companies, raising hopes the dispute with Washington could be resolved.