NEW YORK (AP) — Treasury Secretary Steven Mnuchin says the U.S. is making progress in talks with Canada and Mexico over steel tariffs, probably overcoming a key hurdle towards approval of a commerce settlement between the three nations.
Appearing before a Senate Appropriations subcommittee Wednesday, Mnuchin additionally stated he expects to quickly travel to Beijing with U.S. Trade Consultant Robert Lighthizer to renew negotiations on the commerce dispute between the U.S. and China.
The constructive feedback on commerce from Mnuchin helped flip losses on Wall Road into positive factors by noon.
The U.S. has negotiated a commerce cope with Mexico and Canada to exchange NAFTA. But some U.S. lawmakers say they gained’t vote to approve the deal until the U.S. lifts tariffs on steel from the two nations put in place last yr.