Phase 2 of China trade deal to address certain tech issues: US Treasury Secretary Mnuchin

US Treasury Secretary Steven Mnuchin gives a television interview outside the White House in Washington, DC, on Jan 14, 2020.
US Treasury Secretary Steven Mnuchin gives a television interview outside the White House in Washington, DC, on Jan 14, 2020.PHOTO: EPA-EFE

WASHINGTON (REUTERS) - US Treasury Secretary Steven Mnuchin said on Wednesday (Jan 15) that some technology and cyber security issues will be resolved in the next chapter of a deal to end the trade war between the United States and China.

"I think a very significant amount of the technology issues are in Phase 1. There are other certain areas of services away from financial services that will be in Phase 2. There are certain additional cyber security issues that will be in Phase 2," Mr Mnuchin told CNBC as the two countries were poised to sign the first phase of the deal.

"There are still more issues to deal with and we'll address those."

President Donald Trump and Chinese Vice Premier Liu He are due to sign the pact at a ceremony at the White House on Wednesday at 11.30am (12.30am on Thursday, Singapore time), marking a truce after 18 months of tit-for-tat tariffs that have weighed on global economic growth. 

The ceremony comes just as the US Senate prepares to begin its impeachment trial of Mr Trump.