• U.S. Treasury Secretary Steven Mnuchin speaks during a fireside chat on tax reform at the Ronald Reagan Presidential Library in Simi Valley, California, last Nobember. Mnuchin on Sunday insisted President Trump intends to implement $60 billion in tariffs on Chinese imports, saying the measures will benefit the economy long-term. Speaking on 'Fox News Sunday,' Mnuchin said unless a deal is reached with China, Trump will implement the tariffs targeting sectors in which Washington says Beijing has stolen American technology. | AFP-JIJI
    U.S. Treasury Secretary Steven Mnuchin speaks during a fireside chat on tax reform at the Ronald Reagan Presidential Library in Simi Valley, California, last Nobember. Mnuchin on Sunday insisted President Trump intends to implement $60 billion in tariffs on Chinese imports, saying the measures will benefit the economy long-term. Speaking on "Fox News Sunday," Mnuchin said unless a deal is reached with China, Trump will implement the tariffs targeting sectors in which Washington says Beijing has stolen American technology. | AFP-JIJI

  • Reuters

  • SHARE

WASHINGTON – Despite threats of retaliation from China over U.S. plans to impose tariffs on up to $60 billion in Chinese goods, Treasury Secretary Steve Mnuchin on Sunday said President Donald Trump had no intention of backing down and was not worried about a trade war.

“We are going to proceed with our tariffs. We’re working on that,” Mnuchin told “Fox News Sunday.” “So, as President Trump said, we’re not afraid of a trade war, but that’s not our objective.”

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)

, , , , , ,