Treasury Secretary Steven Mnuchin
Jonathan Ernst | Reuters
Treasury Secretary Steven Mnuchin mentioned on Wednesday that it will consider time for Chinese purchases of U.S. agricultural merchandise to “scale up” to the $40 billion to $fifty billion once-a-year degree touted by President Donald
Trump if the two sides can seal a “Section one” trade deal.
Mnuchin explained to Reuters in an interview in Saudi Arabia that the $40 billion to $fifty billion concentrate on is “a great deal,” but is based on “incredibly certain discussions” of products order commitments by China.
“This is designed on a base-up basis of equally what we assume we can supply and what they assume they want,” Mnuchin mentioned. “It is really a a single-year concentrate on, but naturally it is likely to consider some time to scale up.”