Amid growing concerns of a trade war between the U.S. and China, U.S. Treasury Secretary Steve Mnuchin is striking a more subdued tone.
He told Fox News on Sunday that he's "cautiously hopeful" both sides can reach an agreement on some issues, despite threats of tit-for-tat tariffs.
However, he added that President Trump's proposed tariffs on at least 60-billion-dollars-worth of Chinese goods would go ahead unless both sides can reach an acceptable deal.
China has already threatened retaliatory tariffs on American agriculture products and fears of a trade war have sent U.S. stocks tumbling.