US Treasury Secretary Steven Mnuchin said in a CNBC interview that the trade deal with China is “not done yet”. But he added “we have made a lot of process” and “we still have more work to do”. They’re working on a 150-page, very detailed, document for “significant”, “structural” commitments from China. Mnuchin hoped to “make progress this month”. And, “if we do, there will be a summit of the Presidents”.
At the same time, the White House and cabinet are “completely united” on the positions. Mnuchin went further and said “”Whether it’s myself, or Ambassador Lighthizer, Secretary Ross, Larry Kudlow or Peter Navarro — we’re all working very closely together and we have a common vision in executing and getting a real agreement”.
Separately, National Economic Council Director Larry Kudlow said the negotiations are making “fantastic” progress last week. And, “We’re making great headway on nontariff barriers and tariffs regarding various commodities such as soybeans and energy and beef. We have mechanisms with regard to enforcement, which is — I think — unparalleled.”
Kudlow also hailed that “Lighthizer has worked miracles on this Chinese deal,” and “we’ve never come this far on China trade.”
