UPDATE 1-U.S. Treasury Secretary Mnuchin sees tariffs being imposed Dec. 15 if no China trade deal

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UPDATE 1-U.S. Treasury Secretary Mnuchin sees tariffs being imposed Dec. 15 if no China trade dealU.S. Treasury Secretary Steven Mnuchin said on Monday that an additional round of tariffs on Chinese imports will likely be imposed if a trade deal with China has not been reached by then, but added that he expected the agreement to go through. “I have every expectation – if there’s not a deal, those tariffs would go in place – but I expect we’ll have a deal,” he said in an interview with CNBC, when asked about a round of tariffs scheduled for Dec. 15. U.S. President Donald Trump said on Friday that China and the United States had reached the first phase of a trade deal that covered agriculture, currency and some aspects of intellectual property protections, and would ease the reciprocal trade restrictions that the world’s two largest economies have been imposing for 15 months.


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