U.S., Chinese teams working on Phase 1 trade deal text: Mnuchin

U.S. and Chinese trade negotiators are working on nailing down a Phase 1 trade deal text for their presidents to sign next month, U.S. Treasury Secretary Steven Mnuchin said on Wednesday, adding he was prepared to travel to Beijing for more meetings if necessary. Mnuchin, in a wide-ranging news conference at the Treasury, said there was no invitation from Beijing for another high level meeting with Vice Premier Liu He on the trade deal outlined last week, but deputies were holding phone conferences this week.

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