Latest Steven Mnuchin News

Trump delays tariffs on some Chinese goods until December

Aug. 13, 2019 6:57 PM EDT

WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the Office of the...

US delays tariffs on some Chinese goods, drops others

Aug. 13, 2019 10:45 AM EDT

WASHINGTON (AP) — The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the U.S. Trade Representative said Tuesday that it is still...

Republicans face tough vote on budget bill Trump supports

Jul. 31, 2019 2:56 PM EDT

WASHINGTON (AP) — A hard-won, warts-and-all budget pact between House Speaker Nancy Pelosi and President Donald Trump is facing a key vote in the GOP-held Senate, with many conservatives torn between supporting the president and risking their political brand with an unpopular vote to add $2 trillion or...

US says new round of talks with China were 'constructive'

Jul. 31, 2019 11:01 AM EDT

SHANGHAI (AP) — U.S. and Chinese envoys held "constructive" trade talks on Wednesday, the White House said, after President Donald Trump rattled financial markets by accusing Beijing of trying to stall in hopes he will fail to win reelection in 2020. The meeting, aimed at ending a tariff war over trade and...

Global shares mixed as markets await US Fed rate decision

Jul. 31, 2019 7:51 AM EDT

LONDON (AP) — European stock markets traded in fairly narrow ranges Wednesday as investors looked ahead to an anticipated U.S. Federal Reserve rate cut later in the day. Markets have generally recovered their poise a day after being spooked by comments from President Donald Trump, who accused Beijing of...

Trump: China wants to delay trade talks past 2020 election

Jul. 30, 2019 5:57 PM EDT

WASHINGTON (AP) — President Donald Trump has accused China of wanting to stall trade negotiations through the 2020 election in hopes of being able to negotiate with a more malleable Democratic president. Yet if re-elected, Trump threatened to get "much tougher" with Beijing. "China would love to wait and...

Senate bows to Trump vetoes, allows Saudi arms sales

Jul. 29, 2019 7:38 PM EDT

WASHINGTON (AP) — The Senate failed Monday in a bid to override a trio of vetoes issued by President Donald Trump, allowing the administration to move forward with plans to sell billions of dollars of weapons to Saudi Arabia and the United Arab Emirates. Trump's decision to sell the weapons in a way that...

Markets await Fed news; UK stocks surge as pound struggles

Jul. 29, 2019 7:55 AM EDT

LONDON (AP) — Global stock markets generally traded in narrow ranges Monday as investors awaited developments in the trade dispute between the U.S. and China and in the run-up to the Federal Reserve's latest interest rate decision. The FTSE 100 index of leading British shares was the standout index in...

US, China revive trade talks with low hopes for progress

Jul. 29, 2019 6:37 AM EDT

BEIJING (AP) — Two months after U.S.-Chinese talks aimed at ending a tariff war broke down, both sides are trying to temper hopes for a breakthrough when negotiations resume Tuesday on an array of disputes that has grown to include tension over China's tech giant Huawei. Rhetoric has hardened despite the...

Trump vows to retaliate against French digital tax

Jul. 26, 2019 5:17 PM EDT

WASHINGTON (AP) — President Donald Trump promised on Friday to retaliate against France for adopting a pioneering tax on internet giants like Google, Amazon and Facebook. He also managed to get in a shot at French wine. Trump, who doesn't drink alcohol, tweeted: "I've always said American wine is better...