U.S. Treasury Secretary Steven Mnuchin said on Monday that an additional round o...
FILE PHOTO: Secretary of the Treasury Steven Mnuchin answers questions from the press after an interview on CNBC on the North Lawn of the White House in Washington, U.S., September 12, 2019. REUTERS/Sarah Silbiger.
“I have every expectation - if there’s not a deal, those tariffs would go in place - but I expect we’ll have a deal,” he said in an interview with CNBC, when asked about a round of tariffs scheduled for Dec. 15. But officials on both sides have said more work is needed to finalize the accord, and Trump acknowledged the agreement could still collapse. U.S. Trade Representative Lighthizer said on Friday that Trump had not made a decision about the December tariffs.
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Trump announces US-China 'phase 1' trade deal, tariff trucePresident Donald Trump announced a U.S.-China 'phase 1' trade deal, tariff truce on Friday after a months-long standoff.
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Treasury Secretary Steven Mnuchin says he expects tariffs to go up in December if there is no China deal in place'I have every expectation if there's not a deal those tariffs would go in place, but I expect we'll have a deal,' Mnuchin said on CNBC's 'Squawk Box.'
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China's surprise slump in exports shows Trump's trade war damage — and Goldman Sachs says tariffs are coming despite a partial dealTrump boasted of a partial trade deal with China, but Goldman says 'it is more likely than not' that December tariffs kick in, perhaps with a delay.
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