Treasury Secretary Steven Mnuchin speaks to the news media after giving a television interview at the White House in Washington, December 3, 2018.The "historic" phase one trade agreement reached Friday between the U.S. and China will boost global growth, according to U.S. Treasury Secretary Steven Mnuchin.
Speaking to CNBC's Hadley Gamble at the Doha Forum on Saturday, Mnuchin said the partial deal would address a host of issues central to Washington's trade agenda. "This deals with intellectual property, this deals with technology transfer, it deals with structural agricultural issues, financial services are opening up, currency understandings, as well as a commitment to purchase U.S. agriculture and U.S. goods," he said.
Mnuchin also dismissed the notion that the U.S. was pushing back on the rules-based trading system, arguing that a level playing field with China would benefit the global economy. "For a very long period of time the U.S. was open to China, China was not open to the U.S. There were very strong restrictions and for the first and second largest economy in the world, there should be more trading back and forth and that's what we've been working on, and I think these agreements will not only be good for the U.S., but will be very good for global growth," he added.
Lesson. When you eliminate tariffs it is beneficial to global economic growth. Trump added tariffs then removed some. Problem created, problem ‘solved’. One step backward, one step forward. Trump has got to go.
Good sense. Keep it.
Stop reporting unsigned deals.
Oh bullshit. They're just trying to undo the damage dumbass Trump has done. It's not Phase 1 of a larger trade deal - its merely a cessation of hostilities. And, don't forget, China has promised to increase agricultural imports from USA before and hasn't followed through.
'Good for global growth' says the foreclosure king. Mnuchin should be in prison. Bad for american people since our food, utilities and gas bills will skyrocket.
No trade with communist china.
WELL ITS CNBC SO YOU HAVE TO KNOW ITS BULL CRAP
This administration doesn’t like the word global to be associated with US. MAGA When they start using global in a sentence, you know a bunch of BS is about to follow! corruptadministration
Liar!
she has a company in cina, and then.... hahahahaa
No. It’s not historic it’s literally less than what we had in 2017/2018 before the tarriff man. fakenews
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