US Treasury Secretary: We are going to proceed with our tariffs

The Trump administration is all set to impose tariffs on up to $60 billion in Chinese goods despite threats of retaliation from the world's second-largest economy. "We are going to proceed with our tariffs. We're working on that," Mnuchin told Fox News Sunday. 

Key quotes (Source: Reuters)

"We are not afraid of a trade war, but that's not our objective"

"The tariffs would not be put on hold "unless we have an acceptable agreement that the president signs off on"