Treasury Secretary Steven Mnuchin Discusses China and U.S. Economic Outlook…

Treasury Secretary Steven Mnuchin appears with Fox Business Maria Bartiromo for an extended interview on multiple current economic aspects. Economic Security is National Security. There are three segments.

Secretary Mnuchin discusses: the agreement between President Trump and Chairman Xi for immediate shifts within the U.S-China trade relationship, and the anticipated immediate deliverables; the USMCA agreement; the auto industry and the overall economy.

Segment two and three below:

In segment two Secretary Mnuchin discusses the auto industry. Worth noting today is the day when the German auto leaders are meeting at the White House. Likely POTUS Trump wants to know how they intend to respond to the 75% rule of origin within the USMCA.

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In segment three Secretary Mnuchin discusses the overall economy and the future outlook.

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This entry was posted in Auto Sector, Big Government, Big Stupid Government, Budget, Economy, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

24 Responses to Treasury Secretary Steven Mnuchin Discusses China and U.S. Economic Outlook…

  1. DT2020 says:

    Navarro

    Liked by 3 people

  2. Deplorable_Infidel says:

    “the agreement between President Trump and Chairman Xi for immediate shifts within the U.S-China trade relationship”

    Trade War Truce Won’t Fix China
    by Michael Pento

    “The Main Stream Financial Media would love to have investors believe that the recent problems in the global equity market are all about a trade war with China. Therefore, everything can be made right just because Trump shook hands with Xi Jinping at the G-20 meeting in Argentina. But the truth is, China’s problems are structural in nature–resulting from a centrally-planned economy that goads its citizenry into pre-fabricated urban areas in order to manufacture a pre-determined rate of growth. Nevertheless, what the Chinese government has actually accomplished is to produce a dystopia; one that was erected upon the largest percentage increase in debt the world has ever witnessed…

    ……However, its Potemkin economy is now heading for a crash commensurate with the debacle currently witnessed in the Shanghai Stock Exchange. A hand-shake agreement between Trump and Jinping to work towards resolving the trade war isn’t going to ameliorate the primary issues behind anemic global growth…”

    (basically confirming what has been posted here by sundance)

    https://www.sgtreport.com/2018/12/trade-war-truce-wont-fix-china/

    Liked by 1 person

  3. Iamrerun says:

    Mnuchin, Navarro, Lighthizer, Ross, Kudrow

    I F’ing love these guys, and feel like they are fighting directly for you and me.

    I haven’t ever cared to hear much of what the previous administrations various liars and traitors had to say, and I NEVER felt like they cared about what’s best for the American people in any way. It’s a great feeling, and I never imagined actually trusting people like this.

    Could Trump have picked any better?

    Liked by 8 people

  4. duchess01 says:

    Thank You, Sundance – for breaking this discussion into pieces – it helps one understand where the focus is – how these trends will impact the economy – and why it is important to keep an eye on the overall picture – Secretary Mnuchin is quite financially savvy – he knows the if/then scenario quite well – he keeps abreast of what industry leaders want and need – he knows how to read the market volatility – and he is well-aware that Rome was not built in a day. As far as Maria is concerned – every objection she made comes from the liberal playbook – it demonstrates how little they understand of what President Trump is trying to do – Secretary Mnuchin just derails the narrative.

    China is not used to being behind the eight ball – they have directed and managed their trading partners from a position of power – they are not accustomed to giving an inch – they have enriched themselves off of the stupidity of their trading partners and created one-sided trade deals for their own benefit and enrichment – the give and take of a trade deal is not in their mindset – the exposure of the theft of intellectual property did not embarrass them one iota – they are determined to be a world power – by whatever means necessary – why does that sound familiar?

    I do not envy the job our Team has undertaken in this particular trade debacle – however, I am confident they know exactly what they need to do and when they need to do it. This soap opera will be renewed for the next two years – Secretary Mnuchin made it quite clear how complicated it is.

    Liked by 2 people

  5. fleporeblog says:

    The Democrats can go fly a damn kite if they think at the eleventh hour they are going to demand changes to the agreement. I am going to buy a bottle of champagne 🍾 and leave it in my fridge for the day our President signs the termination of NAFTA starting the 6 month wind down period. He will absolutely not wait for the Democrats to say no against ratifying the deal. That wind down will be well underway when the agreement gets to them in Congress.

    Either you take it or we go back to life in this country prior to the disaster known as NAFTA. It can be buried next to its founder, the 41st President!

    https://www.vox.com/platform/amp/2018/4/20/17261834/trump-nafta-congress-withdraw-lighthizer

    From the article linked above:

    So Lighthizer is reportedly considering an aggressive plan that would force lawmakers to accept it anyway: withdrawing from NAFTA before the new version is ready. It’s a risky move, and one that experts say might turn out to be fruitless.

    The logic behind the move is that even lawmakers who are opposed to Trump’s NAFTA will ratify it because they prefer a bad NAFTA to no NAFTA at all. Currently, lawmakers can reject Trump’s version of NAFTA and rest assured that the status quo will remain. Without NAFTA, their hand could be forced.

    THIS IS THE ULTIMATE WIN-WIN SCENARIO!

    Liked by 6 people

  6. railer says:

    The statements China released today indicate they’re making moves on IP theft and they’ve apparently committed to import more US exports. This sort of reminds me of The Bridge Over the River Kwai, when the British colonel and his staff are sitting down with the Japanese colonel and dictating to him the workplan to build the bridge. After every technical suggestion from the British, the weary Japanese colonel, with head hanging, simply responds “I have already given the order”. He couldn’t bear the shame of having these defeated prisoners of war telling him what to do, so he put on a show and simply told them he’d already ordered their suggestion done, before they suggested it.

    The Chinese may not want to be seen as being told what to do, they may want to do it on their own, without a formal agreement. They may be lying of course. But for now, let’s see what they come up with.

    Liked by 3 people

  7. Ristvan says:

    Trump said, ‘Its, complicated, folks’. Yup. But his team has got it all—and our backs.
    Sit back, relax, and enjoy the show. Favorite beverages and popcorn supplies recommended.

    Said by a person who’s formally schooling granted automatic admittance to ‘The Club’ (Harvard JD/MBA like Mitt Romney, whom I overlapped 3 of 4 years), but whos first case post grad school case was to save Corning from the forced surrended of its then new ( now public domain internet enabling) fiber optics invention to ATT (IP extortion based on $400 mil (then) of another Corning ATT business). A first postgrad education into Deep State.
    Who’s second case was saving Harley Davidson motorcycles from Jap onslaught destruction by Honda. Yamaha, Kawasaki, and Suzuki—an education into manufacturing and non tarrif barriers. (OK, specifics. Honda had a new lights out automated facility while Harley was using union demanded (against old job loss) WW2 vintage facilities. AND Japan instituted a MC licensing rule that efffectively excluded Harley’s from Japan. A clear faux ( based on false ‘safety grounds’ nontrade barrier.
    Who’s third case involved Canadian aspen waferboard versus US plywood, which comes in two basic types, SYP from the US SE, and Doug fir from the US NW. Figuring that out taught the sensitivities to regional demands—and enabled making a small cortune on thenUS plywood futures markets next cycle.
    And so on and so corrh. PDJT has been studying this for more than 30 years. I have lived it up close and personal for more than 30 years. He is right. Main Street is right. Globalists/Wallstreet are wrong—IFF you believe in a strong USA.

    Liked by 6 people

  8. Bill says:

    Winnamins to Winfinity!!!!

    Liked by 1 person

  9. Stillwater says:

    CNBC’s full interview with Commerce Secretary Wilbur Ross – 12/4/18 – (14:42)
    “U.S. Commerce Secretary Wilbur Ross joins ‘Squawk Box’ to discuss the U.S.-China trade cease-fire, the U.S.’s tariffs on autos and his future.”

    Liked by 2 people

  10. quintrillion says:

    President Trump is so astute. He is sending all his killers out to explain these trade deals while he manages it all and more. This is so awesome to witness; it’s the most joyous Christmas in years. Thank you President Trump for making business and trade great again for the American worker.

    Liked by 1 person

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