Treasury Secretary Mnuchin warned of a tariff hike if China does not finalize the specifics of a newly negotiated partial trade deal announced by Pres. Trump last week.
Treasury Secretary Steven Mnuchin warned of a coming tariff hike if China does not finalize the specifics of a newly negotiated partial trade deal announced by President Donald Trump last week.
“I have every expectation that if there’s not a deal, those tariffs would go in place,” said Sec. Mnuchin on CNBC. “But I expect we’ll have a deal.” Should the December tariffs go into effect, China would likely respond by imposing retaliatory tariffs on U.S. goods at what would be the peak of the holiday shopping season.
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