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]
I’m personally matching all gifts to the Forward, up to $36,000. Can I match your gift now?
Hello, fellow Forward reader! I’m Joel Brown, a Forward reader and supporter for more than 15 years, and currently the chair of the board of directors.
I’m an avid Forward reader because it ticks so many of my essential boxes: excellent journalism, Jewish focus and diverse viewpoints. In today’s political climate, what I most appreciate is the Forward’s independence — made possible by the generosity of its membership.
The Forward is committed to bringing you unbiased, nuanced Jewish news. From my position as board chair, I see an exciting future as we expand our position as the definitive independent voice of contemporary American Judaism.
— Joel Brown, Forward board chair
Support our mission to tell the Jewish story fully and fairly.
