US-China trade talks must cover currency, US Treasury chief says

The and People’s of extensively discussed currency issues on the sidelines of the and annual meetings on the Indonesian resort island of “I expressed my concern about the weakness in the (yuan) currency and that as part of any trade discussions, currency has to be part of the discussion,” Mnuchin said of the meeting. 912 to the dollar as China reported a record September trade surplus with the United States, fanning fears of an escalation of the two countries’ trade war. Mnuchin would not discuss the findings of the currency report and declined comment on that Treasury staff had recommended that China not be labeled a currency manipulator. Mnuchin declined to confirm a report that the had decided to proceed with a meeting in November between U. and at the leaders summit in But he said re-launching trade talks would require China to commit to taking action on structural reforms to its economy.

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