US Treasury Secretary Mnuchin spoke in an interview with Bloomberg, earlier posts here:
- Mnuchin says US does not intend to intervene on the USD for now
- US Treasury Secretary Mnuchin says ultra-long US bonds are under "very serious" consideration
Bloomberg have provided a recap, with add comments on China.
- Treasury Secretary Steven Mnuchin said U.S. trade officials expect Chinese negotiators to visit Washington, but wouldn't say whether a previously planned September meeting would take place.
- "We continue to have conversations. We're planning for them to come," Mnuchin said Wednesday in an interview, declining to say whether the September encounter would happen.
If you think about it, what's the point of these discussions, apart from having them for the sake of having them? The thing that Mnuchin know, as does China, is that one tweet undoes weeks and months of talks.
As I posted yesterday, the next set of tariffs kick in from the end of August:
Mnuhcin has the right trade idea here:
