China has threatened to retaliate against $60 billion of American products if Trump goes ahead with his tariffs.
Trump's top economic adviser, Larry Kudlow told Fox News on Wednesday that the USA government had received information that "the top of the Chinese government wished to pursue talks" prompting Mnuchin to send an invitation.
The White House did not immediately respond to a request for comment.
"We encourage China to address the long standing concerns raised by the U.S.".
China and the USA have imposed 25 percent tariffs on $50 billion of each other's goods. He has recently boasted that he believes China's economy is suffering because of his hard-charging style. Bloomberg reports that President Trump has told his top trade advisors that he "wasn't concerned" about their impact on negotiations with China. He wants China to buy more American products, open up China to more USA investment, and stop stealing US intellectual property, among other things.
The tariffs come as a number of top White House advisers have been trying to de-escalate tensions between Trump and Chinese leader Xi Jinping.
The next round of United States tariffs on Chinese goods is likely to make thousands of products, including dishwashers, Fitbit fitness trackers and food seasonings, more expensive for American consumers, CNN reported. This tactic has had mixed success.
The timing of the actual application of the sanctions was not clear, but the move would mark the latest in an escalating trade war with Beijing as Trump seeks to combat what he sees as unfair trade practices from China.
China responded by imposing tariffs on US products like beef and soybeans, a response that spooked the USA agriculture industry and angered Trump and other White House officials.
The $200 billion tariff list included various internet technology products and other electronics, printed circuit boards, and consumer goods ranging from handbags to bicycles and furniture.
And two weeks ago he said he is preparing a third package of penalties on what he said would be $267 billion in additional items, a list that likely encompasses all remaining goods produced in China. "Talks without action won't do the trick". The two leaders may see other at the United Nations General Assembly in NY later this month and are scheduled to meet on the sidelines of the G-20 summit in Buenos Aires in November.