US Treasury Secretary Steven Mnuchin said there is “no deadline” to phase 2 trade negotiation with China. “The first issue that we’re very focused on in the next 30 days is implementing phase 1, then we’ll start on phase 2. “If we get that done before the election, great, if it takes longer, that’s fine,” he said.

Mnuchin also added, “we could easily have phase two A, two B, two C, it doesn’t need to be a big bang, and we’ll take tariffs off along the way, so there is a big incentive for the Chinese to continue to negotiate and conclude various additional parts of the agreement.”

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