Comments from unnamed Treasury official cited by Reuters:

  • Mnuchin will see Chinese delegation at G20 but cannot confirm whether bi-lateral meeting will take place
  • US sees some scope for some G20 countries, including Germany, to take growth-enhancing measures
  • Administration intends to make Commerce Dept currency provisions on anti-subsidy duties consistent with currency legislation
  • Will not make central bank actions and monetary policy subject to countervailing duties

It sounds less and less like China and the US will have a meaningful meeting at the G20.