The U.S. is leaving tariffs on some $250 billion worth of Chinese goods in place until a phase two trade deal is reached.
CNBC on Wednesday that Trump would consider easing tariffs with further rollbacks in a future Phase Two trade deal with China.
Mnuchin also reiterated that accusations of forced technology transfers and intellectual property theft will be resolved in the first phase of the trade deal. The agreement on Wednesday, however, fails to address digital trade restrictions and China’s cybersecurity regulations that have hurt U.S. technology firms trying to do business in the region—but both Mnuchin and U.S. Trade Representative Robert Lighthizer have said these areThe Phase One trade deal that will be signed on Wednesday includes agreements on intellectual property, technology transfers and currency rules.
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