Mnuchin, U.S., Trade, Trade Deal, Tariffs, Tax, İtaly, Britain, United

Mnuchin, U.S.

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

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

21.1.2020

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

Steven 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 Wall Street Journal said

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. KEVIN LAMARQUE/Reuters 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. “We may do 2A and some of the tariffs come off. We can do this sequentially along the way,” he added. 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. Story continues below advertisement 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. British Prime Minister Boris Johnson in December had pledged to make major multinational companies pay their fair share of tax, including the implementation of a Digital Services Tax. Italy approved a similar tax in the 2019 budget but it has not activated it yet. Mnuchin said that he hoped Britain and Italy would suspend their plans to impose the taxes, according to the report. “If not they’ll find themselves faced with President Trump’s tariffs. We’ll be having similar conversations with them.” Mnuchin also said the Trump administration would propose additional tax cuts for the middle class in the United States. “We are in the process of designing it and will be rolling it out shortly.” Story continues below advertisement The details on proposed tax cuts come as Trump seeks to strengthen his 2020 re-election campaign. Related topics Read more: The Globe and Mail

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

Bank of Japan raises growth forecast, but won’t scale back stimulusThe central bank signaled an expected domestic boost from a government fiscal spending package and Governor Haruhiko Kuroda, citing the U.S. -China Phase 1 trade deal , said overseas risks have subsided somewhat

Trump to tout CUSMA, China trade deal to convention of American farmersTrump’s speech will give him a chance to make the case to farmers that he kept two promises on trade – to improve trade with China and separately with Canada and Mexico – and that farmers stand to benefit. MORE promises KEPT!!! =) '. . . he kept *two* promises . . .' ? Have you just wakened up, Darlene Superville, White House reporter for AP ? Sorry Global but get your facts right, the farmers stuck with Trump on this from the start. He has nothing to prove as you suggest. President knew the Chinese would try and use the farmers themselves. Even posting ad's in rural papers trying to get farmers to go against Trump.

Trump to promote China, Mexico-Canada trade deals to farmersPresident Donald Trump is expected to discuss new U.S. trade agreements with its North American neighbours and with China during an appearance Sunday at a convention of American farmers globebusiness Best President globebusiness So now the orange buffoon who destroyed the family farms is now going to be their savior? SMDH! globebusiness You can say that again and again.

China moves to phase out single-use plasticsVast amounts of untreated plastic waste are buried in landfills or dumped in rivers. The United Nations has identified single-use plastics as one of the world’s biggest environmental challenges Neat. They're building coal power plants as you tweet that. Who gets there apples individually packaged like this? Very good. We should too and get rid of all plastic bags. A look at local environment we do not deserve any convenience. Unless we have a strict authoritarian government that throws people in labour camps for throwing garbage. We are too spoiled for this.

China announces plan to phase out most single-use plastics by 2025The Chinese government has announced a new plan to crack down on plastic pollution across the country by 2025, including a ban on single-use plastic straws and bags. They also phasing out dumping garbage into rivers? They need to contain their diseased country first

Hours before extradition hearing, China again demands immediate release of Meng WanzhouForeign ministry spokesman says Canada and U.S. are abusing extradition process Keep demanding,bullying but Canada will follow the rule of law & extradite her ,bet your bottom dollar once we get stronger leadership we will be pressuring China to release the unlawfully detained Canadians



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