Tag: STEVEN MNUCHIN
Steven Mnuchin says Huawei move by the United States is based on national security and not on trade.
Steven Mnuchin warns the United States will impose more tariffs if a deal with China is not reached stating they are open with the republic on negotiations.
People’s Bank of China Governor Yi Gang says the nation has “tremendous” room to adjust monetary policy if the trade war with the US deepens.
Trump is aiming at the US$325 billion in Chinese goods that are so far untouched by the trade war to tax those with a punitive tariff of 25%.
US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Monday cast doubt on the talks due to China had backtracked on previous commitments.
US Treasury Secretary is trying to finalise a deal that President Donald Trump has demanded to repair what he calls an unfair and unbalanced relationship.
But those institutions must sit on the sidelines until there is clear international recognition of a government in Caracas.
The treasury secretary in facing grilling before House panels on appropriations and financial services, where Democrats are aggressively questioning him over President Donald Trump’s tax returns, sanctions policy toward Russia and his personal finances.
The United States and China have levied tariffs on hundreds of billions of dollars' worth of two-way trade since July 2018. Trump has said he wants a "great deal" with China and has hinted that tariffs could remain in place for some time.
The renewed shuttle diplomacy is a sign of progress after several weeks of slowed momentum.
The Nikkei share average rose 1.0% to 20,773.56, the highest closing level since Dec 19.
The S&P 500 stock index tumbled 2.7% on Monday in its worst-ever trading session before the Christmas holiday.
Prominent business partners of Saudi Arabia and investors, including companies with significant investment from Riyadh, have fled the conference since Khashoggi's disappearance on October 2 during a visit to the Saudi consulate in Istanbul.
The IMF statement said it would push to improve the World Trade Organisation and boost confidence in the global trading system.
Mnuchin says President Donald Trump's drive to punish China with tariffs to encourage it to adopt fairer trade practices would have the opposite effect.
After two days of sharp drops in US and global stock markets over fears of rising interest rates and the US trade conflicts, Mnuchin said markets tended to go too far in both directions and then would have to correct.