U.S. Treasury Secretary Steven Mnuchin speaks at a press briefing at the White House in Washington, U.S., February 14, 2017.
The Treasury official said that countries with a trade surplus have a role to play in helping to achieve the G20’s goals of maintaining “strong, sustainable and balanced growth.”
The secretary will be pushing hard to make that come to pass, whether it’s on macroeconomic policies, exchange rate policies etcetera,” the official said.
Trump officials have criticized China on a host of trade-related fronts related to its $347 billion trade surplus with the United States last year.
Mnuchin has said he would not pass judgment on China’s currency practices until Treasury issues its semi-annual currency report in mid-April.
Mnuchin Raises the Alarm on U.S. Debt Ceiling
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as declared in U.S.Treasury Secretary Steven Mnuchin speaks at a press briefing at the White House in Washington, U.S., February 14, 2017.
REUTERS/Kevin LamarqueWASHINGTON U.S. Treasury Secretary Steven Mnuchin said on Friday that he believes financial markets could improve “significantly” once they fully reflect the potential for U.S. economic growth from President Donald Trump’s economic policies.
Mnuchin said he is still aiming to achieve passage of comprehensive tax reform by the time Congress takes its August recess.
“The consequence would be that the market could go up significantly,” Mnuchin added.
“I think there is some good news that’s baked in, but yet, I think there is further room for significant growth in the economy that would be reflected in the markets,” Mnuchin said.
collected by :Molly Tony