US Treasury Secretary Steven Mnuchin has said in a statement that talks between the US and China will continue in Washington next week.
Writing on his Twitter page, Mnuchin also touted what he described as the “productive meetings” in Beijing which he and US Trade Representative Robert Lighthizer had held with Chinese Vice Premier Liu He.
On Monday, Mnuchin and Lighthizer travelled to Beijing to grapple with the remaining issues facing the US and China regarding their ongoing trade talks.
The visit came a day after Mnuchin told The New York Times that “we’re getting into the final laps” as far as the talks are concerned.
According to Mnuchin, both countries were eager to reach an agreement and the talks were reaching a point where they could either produce a deal or end with no agreement.
Earlier, US President Donald Trump said that he believed the United States would emerge from its trade dispute with China as a winner, no matter what happens as a result of the continued bilateral negotiations over a trade deal.
“We’re going to win either way. We either win by getting a deal or we win by not getting a deal,” Trump said during a visit to a business roundtable in Burnsville, Minnesota.
Beijing and Washington have been engaged in a trade dispute since June 2018, when Trump announced that the United States would subject $50 billion worth of Chinese goods to 25 percent tariffs in a bid to fix the over $400 billion US-Chinese trade deficit.
Since then, the two countries have exchanged several rounds of trade tariffs.