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U.S.-China trade talks could be nearing final round

Treasury Secretary Steven Mnuchin says he is hopeful the U.S. and China could be nearing a final round of trade talks.

Mnuchin told reporters this weekend that the main sticking point – enforceability – was “nearly settled.” The U.S. and China have agreed on an enforcement mechanism and both countries will establish enforcement offices.

There are also reports that China is considering shifting some tariffs on ag goods to other products.

Bloomberg reports that China may move retaliatory duties imposed on $50 billion worth of U.S. goods to non-agricultural imports.