"If China is willing to make major efforts to make structural adjustments, the administration welcomes and is available to discuss this at any time," he said during testimony before the US Congress on Thursday.
China said yesterday it would not give in to the trade war launched by Washington after US plans to impose additional tariffs on Chinese goods worth 200 billion dollars.
Washington imposed tariffs on Chinese goods worth 34 billion dollars in a move that would trigger the start of a trade war between the two sides, while Beijing responded by a similar decision on US goods of the same value.
With concerns about the potential negative impact of trade disputes on the US economy, Menuchin said the administration of President Donald Trump was carefully monitoring the situation.
In another context, Menuchin said that the renegotiation of the North American Free Trade Agreement (NAFTA) was a high priority for the administration now that the recent presidential elections in Mexico had ended.
Earlier in the day, China's Ministry of Commerce said Beijing did not want a trade war but was not afraid to enter it.
Note: The content called (Washington requires "substantial modifications" to resume trade talks with China) was first posted on Mubasher and the encyclopedia of this news day is not guaranteed in any way.
You can see the details of this address (Washington requires "substantial adjustments" to resume trade talks with China) through its original source (ie, direct).