>>7875908

tyb

>>7875990

makes the world go 'round

o7

>>7876015

>ordinary NY business deal

Mnuchin on trade barriers: ‘We want other people to take down the Berlin Wall’

U.S. Treasury Secretary Steven Mnuchin on Wednesday rejected warnings that the U.S.-China trade war could create a “digital Berlin Wall.”

In response to a question during a CNBC panel at the World Economic in Davos, Switzerland, Mnuchin said: “No, I discard that. To me, it’s about free, fair and balanced trade.” He added that “it’s not a Berlin Wall at all — it’s we want other people to take down the Berlin walls.”

Mnuchin’s comments come after 22 months of tit-for-tat tariffs between the U.S. and China, initially instigated by the Trump administration in the spring of 2018 on the basis of what it called China’s “unfair” trading practices. Washington and Beijing have yet to come to terms over high stakes digital issues like Chinese telecoms giant Huawei, 5G internet provisions, intellectual property theft and the future of the internet more broadly.

“The U.S. is one of the largest trading markets in the world. If we can get free and fair and balanced trade with China, and with our other partners, this is good for us, good for them — one of the single biggest opportunities for American workers, for American companies,” Mnuchin told CNBC’s Geoff Cutmore, citing China’s booming middle class of 400 million people.“What we’re trying to do is break down barriers to trade, which do exist,” he continued. “And I think most people know the U.S. is the most open market for trade, the most open market for investment — we want to have those same opportunities around the world.”

Mnuchin added that he looked forward to forging a new trade deal with the U.K. after the completion of its exit from the European Union.

‘No deadlines’ for phase two China deal

Earlier this week, Mnuchin said a longer-term trade deal may not remove all of the American tariffs imposed on China. The U.S. and China officially signed the first phase of the trade deal last week in Washington after nearly two years of disagreements and negotiations.

“As it relates to phase two, I would say there’s no deadlines,” Mnuchin said. “So the first issue we’re very focused on the next 30 days is implementing phase one.” The secretary added that the deal can be concluded before or after the U.S. election in November, suggesting there was no rush to get it done before the vote.

“There’s also, as part of this, a real implementation office as part of enforcement, and we’ll start on phase two,” the secretary added. “If we get that done before the election, great — if it takes longer, that’s fine.” Many investors worry the tariffs could linger for years, keeping business uncertainty high and dragging on growth.

Economists estimate that the trade tariffs cost the U.S. gross domestic product 0.3% to 0.7% in 2019, which hit China more heavily, taking a toll of a 1.6% reduction to its GDP for the year, bringing the world’s second-largest economy to its lowest rate of growth in three decades.

https://www.cnbc.com/2020/01/22/mnuchin-says-theres-no-deadlines-for-phase-two-trade-deal.html

>>7876220

yes it's called due diligence and Wall Street hasn't done that on a large scale…EVER.

#10079

>>7875908 d'oh and ghost bake

notables, not endorsements.

>>7875947, >>7875962 U.S. Marines Twat: "A fiery shot…"

>>7876051, >>7876068 Michael Bloomberg Shifts Massive Ad Campaign to Support Impeaching Trump

>>7876053 IDF Twat:"Tik Tok Tik Tok…The IDF is officially on @TikTok_us"

>>7876059, >>7876212, >>7876256 Live: Sen. Graham and Republicans to hold press conference on impeachment-vid fox news

>>7876078 Scientists Might Have Accidentally Cured Cancer-daily caller jan 21

>>7876081 Prosecutor paints former Hollywood mogul Weinstein as ‘a rapist’-oann

>>7876099, >>7876240 RSBC/c-Span links live stream Day 2

>>7876197 Mnuchin on trade barriers: ‘We want other people to take down the Berlin Wall’

>>7876209 Sarasota man facing 40 counts of child pornography possession-wfla.com

chek'em

you need a baker or ebaker/notetaker for nb.

can make changes to this for a few minutes then need to leave.

>>7876149

#10079

>>7875908 d'oh and ghost bake

notables, not endorsements.

>>7875947, >>7875962 U.S. Marines Twat: "A fiery shot…"

>>7876051, >>7876068 Michael Bloomberg Shifts Massive Ad Campaign to Support Impeaching Trump

>>7876053 IDF Twat:"Tik Tok Tik Tok…The IDF is officially on @TikTok_us"

>>7876059, >>7876212, >>7876256 Live: Sen. Graham and Republicans to hold press conference on impeachment-vid fox news

>>7876078 Scientists Might Have Accidentally Cured Cancer-daily caller jan 21

>>7876081 Prosecutor paints former Hollywood mogul Weinstein as ‘a rapist’-oann

>>7876099, >>7876240 RSBC/c-Span links live stream Day 2

>>7876197 Mnuchin on trade barriers: ‘We want other people to take down the Berlin Wall’

>>7876203, >>7876231, >>7876413, >>7876466 summarizing the Ciaramella connections

>>7876209 Sarasota man facing 40 counts of child pornography possession-wfla.com

>>7876339, >>7876393 New POTUS tweet

>>7876381 Scavino Twat: past comments on impeachment of WJC

>>7876382 Hillbags twat

>>7876417 Senate Republicans Release Powerful Ad on the Pelosi-Schiff Impeachment Scam (Video)-gateway pundit

>>7876505 New Flynn filings

Must depart

Ghosty bake…ebaker/notetaker or baker call the ball.

>>7876431