US Treasury Secretary Mnuchin:

  • says has worked on options for President Trump to impose US investment restrictions on China as part of intellectual property investigation
  • Says Trump administration open to listening to china on commitments Beijing is willing to make
  • Says believes smaller, private discussions with Chinese officials can be more productive now than large, public dialogues
  • Says to the extent that China opens its markets on a 'free, fair and reciprocal' basis, US trade deficit with China will shrink

Headlines via Reuters

Carrots and sticks from Mnuchin here on trade with China.
The carrots will be AUD supportive, the sticks, not.