Mnuchin Considering Trip to China Amid Tensions Over Proposed Tariffs

Steven Mnuchin, U.S. Treasury secretary, walks away after attending the International Monetary Fund (IMF) governors group photo at the spring meetings of the IMF and World Bank in Washington, D.C., U.S., on Saturday, April 21, 2018. The IMF said this week the world’s debt load has ballooned to a record $164 trillion, a trend that could make it harder for countries to respond to the next recession and pay off debts if financing conditions tighten. Photographer: Andrew Harrer/Bloomberg

Treasury Secretary Steven Mnuchin said on Saturday that he could make a trip to China in an effort to ease tensions between Washington and Beijing over proposed tariffs.

“A trip is under consideration,” Mnuchin told reporters at a press conference in Washington, according to Reuters. “I am not going to make any comment on timing, nor do I have anything confirmed, but a trip is under consideration.”

Mnuchin’s comments came as International Monetary Fund and World Bank officials warned at their spring meetings in Washington that the trade dispute between the U.S. and China could harm global economic expansion.

China’s Commerce Ministry said that Beijing would welcome such a trip, according to The Associated Press.

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SOURCE: The Hill, Max Greenwood