US Treasury Secretary: Major trade deal between China and US possible

U.S. Treasury Secretary: There is an Opportunity for the U.S. and China to Reach a "Major Trade Agreement"

On April 23, U.S. Treasury Secretary Janet Yellen said at a meeting hosted by the Institute of International Finance (IIF) that there is an opportunity for the U.S. and China to reach a "major trade agreement." She stated, "We have the opportunity to reach a major agreement. The U.S. is seeking to rebalance its manufacturing sector, characterized by reduced consumption. If China truly wishes to reduce its reliance on export-oriented manufacturing growth and promote a shift towards an economy driven by domestic demand... if they are willing to rebalance, then let us work together to advance this process."

Original article: https://www.toutiao.com/article/1830263977336905/

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