Did Mnuchin Ease Trump Off Trade War With China?
Steve Mnuchin and Donald Trump. Image by Getty Image
Treasury Secretary Steven Mnuchin announced on Sunday that the U.S. and China can step back from imposing punishing tariffs on each other’s exports, The Guardian reported.
President Trump delegated Mnuchin to be the point man on the China negotiations. “We’re putting the trade war on hold, right now, we have agreed to put the tariffs on hold while we try to execute the framework,” Mnuchin, who has been known to be a moderate and a proponent of free trade, told Fox News.
The development reportedly came after two days of talks between Mnuchin and China’s vice-premier, Liu He. Axios reported that the president is currently too focused on Iran and North Korea to wage a sustained battle with China.
Contact Haley Cohen at [email protected]
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse..
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
— Rachel Fishman Feddersen, Publisher and CEO
