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The Trump administration and China are injecting a note of caution after declaring a temporary truce on trade.
U.S. Treasury Security Steven Mnuchin said Monday on CNBC that President Donald Trump is reserving the right to reimpose tariffs against Chinese goods if the two countries can't agree on specifics to bring down the massive trade deficit with Beijing.
China's government also said Monday it cannot guarantee trade tensions with Washington can be permanently avoided.
In a joint statement issued Saturday, Beijing agreed with the U.S. to "substantially reduce" America's trade deficit with China, but it did not commit to a specific amount.
Mnuchin says that the joint statement amounted to a suspension of tar...