WASHINGTON — Treasury Secretary Steven Mnuchin said on Saturday that he believed the United States and China were nearing the final stage of trade negotiations, moving closer to what he said would be the biggest change in the economic relationship between the countries in 40 years.
Mr. Mnuchin’s note of optimism comes as the world’s two largest economies are racing to end a protracted trade dispute that has resulted in damaging tariffs and business uncertainty and provided a drag on the global economy.