US Treasury Secretary: The Trump administration has an open attitude towards reaching an agreement on tariff reduction

According to a ChainCatcher message reported by Jinshi, US Treasury Secretary Mnuchin stated that the Trump administration is open to reaching an agreement on tariff reductions and denied that market sell-offs have caused the White House to change its approach.

Reports suggest that Mnuchin visited Trump in Florida over the weekend, urging him to change his stance on tariffs. Mnuchin denied this, stating: "I want to say, negotiations are the result of a large number of incoming calls." "This has nothing to do with the market."

Mnuchin said: "I think you will see some countries with huge trade deficits stepping up soon." "If they come to the negotiating table with reliable proposals, I believe we can eventually reach some good agreements."

Mnuchin added that even if an agreement is reached, some tariffs may remain unchanged.