Wednesday, July 25, 2018

Mnuchin Says He ‘Wouldn’t Minimize’ Chance of Tariffs on All Chinese Imports

fernando bizerra/epa-efe/rex/shu/EPA/Shutterstock
U.S. Treasury Secretary Steven Mnuchin said he “wouldn’t minimize” the possibility that the U.S. will impose tariffs on all $500 billion worth of goods that the U.S. imports from China, amplifying a threat President Donald Trump made in a television interview earlier in the week.
Mr. Mnuchin was speaking ahead of a meeting among G-20 finance ministers and central bankers here.
Mr. Mnuchin stressed that the administration’s goal is to achieve a “more balanced” trade relationship with China, by getting the Asian country to open its economy and permitting U.S. exports there to increase.
The Treasury secretary pointed out several sectors where U.S. sales to China could rise, including energy, agricultural products and technology.
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1 comment:

Anonymous said...

Trade wars are easy folks! Don't worry.

Sure, it's easy to pay farmers $12 billion to fix what you broke. Even with the welfare, these farmers are losing access to markets, which will take a long time to regain, if at all.

Tired of all the winning yet?

Boy Trump is sure doing a lot of really good things for conservatism, ain't he?