Trump tariffs are not a negotiating tactic: Mnuchin
Treasury Secretary Steven Mnuchin confirmed on Wednesday that the administration will move forward with President Trump’s proposed tariffs on steel and aluminum.
“We are moving forward with these tariffs and that’s the plan,” Mnuchin said during an exclusive interview with FOX Business’ Maria Bartiromo on “Mornings with Maria.”
Trump’s call has prompted an outcry from U.S. businesses over concerns of sparking a global trade war. However, Mnuchin is certain President Trump’s plan levels the playing field for U.S. companies.
“The president understands the economy. He understands business,” Mnuchin said. “He is looking out for American companies and American workers with trade deals that are just not fair.”
Members of the administration and Republican Party have also voiced their apprehensions. White House top economic adviser, Gary Cohn, Wednesday announced his resignation after strongly opposing the tariffs.
While Mnuchin would not speculate on a replacement for Cohn, he said Trump “likes” and “listens” to different views.
“Whoever is on the team, we are focused on what the president’s economic agenda [is],” Mnuchin added.