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Munich on his Way as China Begs for a New Trade Deal

Treasury Secretary Steven Mnuchin on Wednesday appeared on CNBC to confirm he and many other U.S. officials will travel to Beijing, China for another round of trade talk with President Xi and his officials.

China and the U.S. have set a March 1st deadline to reach an agreement in their trade dispute.

President Trump has said he will increase U.S. tariffs on $200 billion in Chinese imports from 10 percent to 25 percent if a deal isn’t reached by that point.

Mnuchin describes his work with China as very productive and President Trump had this to say at his State of the Union speech,”I have great respect for President Xi, and we are now working on a new trade deal with China, but it must include real, structural change to end unfair trade practices, reduce our chronic trade deficit, and protect American jobs.”