April 6, 2018 / 5:38 PM / 15 days ago

Treasury's Mnuchin: U.S. talking to China, will defend interests - CNBC

WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Friday that U.S. officials including himself are in regular communication with China as a tariff dispute escalates between the two countries.

U.S. Treasury Secretary Steve Mnuchin speaks to the media next to Chile's Finance Minister Felipe Larrain (not in the picture), during a meeting at La Moneda Presidential Palace in Santiago, Chile March 21, 2018. REUTERS/ Rodrigo Garrido

“We are willing to negotiate. We are in communication with them regularly,” Mnuchin said in an interview with CNBC. “I am in communications.”

“On the one hand, we absolutely are willing to negotiate and not get into trade wars but on the other hand, the president is perfectly willing to defend interests.”

Reporting by Lindsey Dunsmuir and Doina Chiacu; Editing by Tim Ahmann

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