March 14, 2019 / 8:04 PM / 9 days ago

Trump-Xi trade summit won't happen in March, Mnuchin says

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies at U.S. House Ways and Means Committee hearing on President Donald Trump's proposed budget in Washington, U.S., March 14, 2019. REUTERS/Mary F. Calvert

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday that a trade summit between President Donald Trump and Chinese President Xi Jinping would not happen at the end of March as had been previously suggested because there was still more work to do in U.S.-China trade negotiations.

Speaking to reporters after a U.S. Senate hearing, Mnuchin also said he was not concerned about U.S. banks’ exposure to Britain’s banking sector amid uncertainty over the country’s looming exit from the European Union because institutions on both sides of the Atlantic were healthy.

Reporting by David Lawder; Editing by James Dalgleish

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