U.S.-China relations will continue to evolve as negotiations stretch over the decades, but a resolution to the current trade dispute will likely happen in the "not too distant future," General Electric Co.'s Chief Executive Officer Larry Culp said.
His comments came as Treasury Secretary Steven Mnuchin said the U.S. is open to facing "repercussions" if it doesn't live up to its commitments in a potential trade deal with China, a sign the two sides are edging closer to an accord to end their nine-month trade and tariff war.
"There's a politically expedient resolution relative to trade numbers, a big order here, a big order there," Culp said at the Harvard College China Forum. "Substantively, our sense is that both governments should like to advance the conversation, maybe not once and for all, but in a meaningful way with respect to access and intellectual property."