Phase 2 of China trade deal to address certain tech issues: U.S. Treasury Secretary


FILE Photograph: U.S. Treasury Secretary Steven Mnuchin walks to a functioning breakfast at the G7 Summit in Biarritz, France, August 25, 2019. Erin Schaff/Pool via REUTERS

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Wednesday that some technological innovation and cybersecurity problems would be solved in the future chapter of a deal to end a trade dispute involving the United States and China.

“I believe a very major amount of money of the technological know-how concerns are in Stage 1. There are other sure regions of expert services away from fiscal expert services that will be in Phase 2. There are specific additional cybersecurity concerns that will be in Period 2,” Mnuchin instructed CNBC as the two countries have been poised to indication the initially phase of the agreement.

“There even now more concerns to offer with and we’ll handle individuals.”

President Donald Trump and Chinese Vice Leading Liu He are because of to sign the pact at a ceremony at the White House at 11:30 a.m. EST, marking a truce following 18 months of tit-for-tat tariffs that have weighed on global economic development.

The ceremony will come just as the U.S. Senate prepares to start its impeachment trial of Trump below only the third U.S. president at any time impeached.

Reporting by Andrea Shalal and Susan Heavey Crafting by Lisa Lambert Enhancing by Bernadette Baum

Our Criteria:The Thomson Reuters Believe in Rules.



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PEACH MIE

Born in Bangongk, half American, half Thai.

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