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Trade talks with China are in final laps and are nearing a point where they could either produce a deal or end up with no agreement, the US Treasury Secretary Steven Mnuchin has  reportedly said, according to  The New York Times.

“We are getting into the final laps”, Mnuchin said, while adding that more work needs to be done.

US Treasury Secretary Steven Mnuchin and Trade Representative Lighthizer will be in Beijing on Tuesday  for more talks on trade with the Chinese.