1. SOUNDBITE (English) Steven Mnuchin, Secretary of the Treasury:
"Well it's good we're going. We're going back there. I think as you know we're going to Shanghai at their request. There's some symbolic importance to them of the Shanghai communique with Kissinger. So I take that as an important step that they really are sincere in wanting to move forward. Very important to us. They're back in the markets buying agriculture. They've made those commitments to us. We want to see those commitments fulfilled. My expectation is there'll be a few more meetings before we get a deal done. So I wouldn't expect we'll resolve all the issues. But the fact that we're back at the table at the direction of the two presidents is important to them."
2. SOUNDBITE (English) Steven Mnuchin, Secretary of the Treasury:
"I think we had the expectation coming out of the G 20 that negotiations would start again. We had two calls I think as we've said before calls are important but really they're no substitute for in-person. China came here last time. So it was our turn to go back. So I think it was really just a question of scheduling issues. You know in my expectation is there'll be a follow-up meeting back here shortly thereafter assuming things go as we expect them to be."
3. SOUNDBITE (English) Steven Mnuchin, Secretary of the Treasury:
"Again I'm not going to comment on all the different things. But we have a lot of issues. I think you've heard the top line. Forced technology transfer, you know forced joint ventures, we want to make sure they're back buying our products, that they're competing fairly with us. So we have a long list of issues."
Treasury Secretary Steven Mnuchin is heading back to China next week to further talks aimed at resolving a trade battle between Washington and Beijing.
Mnuchin told reporters at the White House that he's leaving Monday with U.S. Trade Representative Robert Lighthizer and will spend Tuesday and Wednesday meeting with Chinese leaders in Shanghai. He says he expects there will be a few more meetings before any deal is done — the next probably being in Washington.
Mnuchin says he sees it as a good omen that China chose to meet in Shanghai. Shanghai is where the U.S. and China conducted diplomacy aimed at normalizing relations during the Nixon administration.
He says there is a long list of issues to discuss.