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US plans G7 talks on China www.nhk.or.jp

The US claims that unfair trade practices by China have caused its trade deficit. And a government official wants the world's major economies to address the issue.

A US treasury official says Secretary Steven Mnuchin plans to hold a meeting with his G7 counterparts.

That would happen on the sidelines of a G20 meeting of finance ministers and central bank governors in Argentina this weekend. The official says Mnuchin will take up what he calls China's theft of technology and trade secrets.

The meeting comes as trade tensions escalate between Washington and Beijing.

The US imposed additional tariffs on a wide range of Chinese imports, and China has struck back with levies on a similar scale.

The senior official added that Mnuchin has no formal bilateral meetings planned with Chinese officials during the G20.

But the Treasury Secretary is scheduled to hold bilateral talks with the finance ministers of Japan, Germany, and Mexico. They are expected to discuss Washington's plan to impose additional tariffs on automobile imports.



Published Date:2018-07-18