Trade talks between the U.S. and China are now in the final stages, said Treasury Secretary Steven Mnuchin, ahead of a meeting between negotiators from both sides in Beijing this week, according to a New York Times report.
"We're getting into the final laps," the report quoted Mnuchin as saying, in an interview at the Milken Institute Global Conference in Los Angeles.
According to the report, Mnuchin said that while both countries are nearing a deal, the negotiations are reaching a stage where either an agreement could happen — or it could end without a deal. According to the Times report, Mnuchin did not want to say if the talks would conclude by the end of June, but only that both economic powerhouses desire to have an agreement.
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