January 14, 2020 / 11:07 PM / 10 days ago

U.S. will keep in place tariffs on Chinese imports for now - Mnuchin

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin speaks to reporters outside the White House in Washington, U.S., December 19, 2019. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday the United States would keep in place tariffs on Chinese goods until the completion of a second phase of a U.S.-China trade agreement.

“These tariffs will stay in place until there is a Phase 2. If the president gets a Phase 2 in place quickly, he’ll consider releasing tariffs as part of Phase 2,” Mnuchin told reporters.

Reporting by Makini Brice; Editing by Chris Reese

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