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Mnuchin says China will buy $1.2 trillion in U.S. goods

President Trump and Xi Jinping
U.S. President Trump and China's President Xi Jingping. Photo: Pool/Getty Images

U.S. Treasury Secretary Steven Mnuchin said Friday afternoon that the U.S. and China met and agreed to a currency deal in which China will purchase $1.2 trillion in U.S. goods, reports CNBC.

The state of play... President Trump said "President Xi and I will work out the final points," on trade in the not too distant future. Based on Friday's meetings, Trump said a deal seems more likely than not.

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