Trump sees "very good chance" of US-China trade deal

Puma's CEO Bjorn Gulden is watching and waiting

That creates an unfair price advantage for Chinese companies that sell finished steel wheels and safes to the USA, and so far have escaped the lengthy tariff list, the companies said.

Trump says during a White House news conference with French President Emmanuel Macron that Mnuchin will be going to China "in a few days to negotiate on trade".

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"We've put on very substantial tariffs, and that will continue unless we make a trade deal". "I think China is very serious; we're very serious". Citing a report from the Brookings Institution, Hua said a US-China trade war would result in a loss of more than 2.1 million jobs in 2,700 US counties.

Both countries have proposed tariffs on the other, after the Trump administration's "Section 301" investigation into China's business practices.

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President Donald Trump announced Tuesday (April 24) that top United States trade officials would soon travel to China as Washington and Beijing seek to resolve a trade dispute that has roiled markets and left exporters on edge.

Mnuchin recently discussed Xi's proposals with Chinese officials, saying "we're cautiously optimistic". He said the Chinese market is not open, and the large trade imbalance needs to be addressed.

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Americana Development and the Champion Safe Co. of Provo, Utah, said in comments to the Office of U.S. Trade Representative that their cost for steel has risen by about 25%.

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