While there has been progress in rebalancing the trade relationship with China, Treasury Secretary Steve Mnuchin said Wednesday that still more needs to be done.
“China has a large, growing middle class, over 300 million people. If U.S. companies and U.S. workers can compete for that business, it's one of the largest opportunities,” Mnuchin said in remarks to a conference conducted by the Milken Institute. “If we can't compete for that business fairly, then they should not have free access to the U.S. system. This needs to be a fair, reciprocal trading relationship.”
However, Mnuchin did not offer any indication of what would be pursued with China on trade in a second Trump term in office.