Mnuchin Says U.S. and China Agree to Reduce Auto Tariffs

The video discusses ongoing trade negotiations between the U.S. and China, highlighting potential short-term impacts on agriculture and the possibility of long-term trade agreements. Treasury Secretary Steven Mnuchin and Chinese Foreign Minister Wang Yi provide insights into the discussions, while President Trump expresses optimism about improved relations following a meeting with President Xi in Argentina.

What does Secretary Mnuchin imply about the administration's stance towards China?

What are the potential benefits for China if a deal is completed?