U.S. Treasury Secretary says Phase 2 trade deal with China may not remove all tariffs

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U.S. Treasury Secretary says Phase 2 trade deal with China may not remove all tariffs GlobeBusiness

U.S. President Donald Trump stands with Treasury Secretary Steven Mnuchin prior to signing phase one of the U.S.-China trade agreementin Washington on Jan. 15, 2020.The Phase 2 trade deal with China would not necessarily be a “big bang” that removes all existing tariffs, U.S. Treasury Secretary Steven Mnuchin told the Wall Street Journal in an interview.

Mnuchin also warned that Italy and Britain will face U.S. tariffs if they proceed with a tax on digital companies like Alphabet Inc’s Google and Facebook Inc, the newspaper said.Mnuchin’s warning to Italy and Britain comes after France backed out and pledged with the United States to avoid a trade war until at least the end of this year.

 

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globebusiness The phase 2 deal is crap. You should read it!

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