Trump's team attempts to reassure markets Federal Reserve Chairman Jerome Powell's job is safe
Trump administration officials moved to reassure financial markets that Federal Reserve Chairman Jerome Powell's job is safe following a report that said President Donald Trump has repeatedly discussed firing the central bank chief after last week's Fed rate hike. Treasury Secretary Steven Mnuchin said in ...
U.S. Treasury Secretary Steven Mnuchin's bid to calm markets risks making bad situation worse
Treasury Secretary Steven Mnuchin looked to quash big-bank worries over plunging stock markets and reports that President Donald Trump might move on his Federal Reserve chief by assuring the financial community Sunday that market liquidity is in good shape. Some market participants, however, questioned why ...
Japan has no plan to discuss foreign exchange in U.S. trade talks
The minister in charge of trade talks with the United States said Sunday that Japan has no intention of discussing measures to prevent competitive currency devaluations. "There were no talks on foreign exchange in the joint statement and during the Japan-U.S. summit (in September)," Japan's ...
U.S. wants deal with Japan to avoid competitive currency devaluations
U.S. Treasury Secretary Steven Mnuchin says Washington seeks to include an agreement to prevent competitive currency devaluations in any trade deal it strikes with Japan.
Trump administration steps up communications with China as tariffs loom
The Trump administration has stepped up its communications with China over trade, the White House's top economic adviser said on Wednesday, as people familiar with the effort said an invitation for a new round of trade talks was sent to Beijing. The invitation from senior ...
No chance for currency war despite Trump tweets, Treasury chief assures
U.S. Treasury Secretary Steven Mnuchin says there's no chance of a currency war erupting. When asked whether investors should be concerned about the prospects of one, he said "no," declining to elaborate during a press conference in Buenos Aires on Sunday. He was in the ...
As tariff deadlines loom, world watches U.S. and China to see who blinks first
The U.S. and China's high-stakes game of economic "chicken" is set to reach a critical juncture in the next two weeks, as the world's largest trading partners approach deadlines on tariffs and other barriers that may determine who blinks first. The Treasury Department on Friday ...
U.S. trade mission travels to China seeks structural changes to its economy: Mnuchin
The United States wants trade talks in Beijing this weekend to result in structural changes to China's economy, in addition to increased Chinese purchases of American goods, U.S. Treasury Secretary Steven Mnuchin said on Saturday. U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday ...
U.S. Embassy road signs went up in Jerusalem on Monday before next week's opening of the mission in accordance with President Donald Trump's recognition of the city as Israel's capital. Trump says he is making good on U.S. legislation and presidential pledges dating back decades. ...
China will welcome visit by U.S. side to discuss trade, economic issues: Beijing ministry
China on Sunday said it welcomed plans by top U.S. officials to visit the country to discuss trade and economic issues, amid tensions between the world's two largest economies. "The Chinese side has received information that the U.S. side hopes to come to Beijing to ...
U.S. will take new look at TPP after clearing other trade priorities: Steven Mnuchin
The United States will consider re-entry to the Trans Pacific Partnership once Washington accomplishes its goals on other trading relationships, U.S. Treasury Secretary Steven Mnuchin said while on an official visit to Chile on Wednesday. Trans Pacific Partnership is aimed at cutting trade barriers in ...
Mnuchin says Washington studying possible return to TPP through renegotiation
President Donald Trump's administration is actively discussing the possibility of rejoining the Trans-Pacific Partnership free trade deal on condition that the United States renegotiate it to secure better terms, Treasury Secretary Steven Mnuchin said Thursday. Citing Trump's suggestion last month in Davos, Switzerland, that he ...
