China welcomes potential Mnuchin visit but analysts remain pessimistic

Treasury Secretary Optimistic on Settling Trade Dispute

"The Treasury Secretary, Steve Mnuchin, will be going to China in a few days to negotiate on trade", Trump said during an April 24 meeting with French President Emmanuel Macron.

Treasury Secretary Steve Mnuchin and Robert Lighthizer, the USA trade representative, will be among those on the trip, Trump said Tuesday.

Mnuchin told reporters over the weekend he was considering a trip, prompting Beijing to announce Sunday that China "welcomes" the move.

Washington is preparing to impose high tariffs on Chinese imports in response to what it considers to be violations of intellectual property rights.

Trump accuses China of driving up a yawning, US$337 billion trade deficit with the United States through unfair trade practices which he believes undermine the American industrial base and workforce.

Mnuchin will travel with U.S. Trade Representative Robert Lighthizer, National Economic Council director Larry Kudlow, and White House trade adviser Peter Navarro.

Leader of Karabakh separatists called on Pashinyan for dialogue
Pashinyan set up the Civil Contract party, which entered parliament in 2017 as part of the opposition coalition. Meanwhile, Armenia signed a partnership deal with Brussels last November - also under Sargsyan's leadership.

The gathering of world finance ministers began with heightened anxiety about the potential damage a US-China trade war could do to the economic recovery but ended Saturday with a door open to negotiations.

Similary, Beijing has made a firm promise of retaliation to any additional trade hurdles that might be placed in its way by the US.

The meeting with central bank chief Yi did not focus on trade, but Mnuchin said he remained "cautiously optimistic" about the issue.

Trump has called for "reciprocal" trade policies that would effectively put a tariff of equal size against any country that imposes tariffs on US exports.

Mnuchin also said he met with Russian Finance Minister Anton Siluanov during the International Monetary Fund meeting, at Russia's request. But Chinese officials have recently said they would enact they own version of this policy, referring to it as "retaliation" and targeting products that could cause the most political pain in the U.S.by specifically focusing on agricultural products.

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