US-China Trade Talks Must Cover Currency, US Treasury Chief Says

U.S. Secretary of Treasury Steven Mnuchin speaks during an interview with Reuters at the International Monetary Fund World Bank Annual Meeting in Nusa Dua, Bali, Indonesia, on Oct. 12, 2018. Johannes P. Christo/Reuters

NUSA DUA, Indonesia—U.S. Treasury Secretary Steven Mnuchin said on Oct. 12 that he told China’s central bank chief that currency issues need to be part of any further U.S.-China trade talks and expressed his concerns about the yuan’s recent weakness.

Mnuchin also told Reuters in an interview that China needs to identify concrete “action items” to rebalance the two countries’ trade relationship before talks to resolve their disputes can resume.