Treasury's Mnuchin says U.S. tariffs 'not about protectionism'
Tweet
Share
E-mail
U.S. Treasury Secretary Steven Mnuchin arrives for a news conference at the G20 Meeting of Finance Ministers in Buenos Aires, Argentina, March 20, 2018. REUTERS/Marcos Brindicci
BUENOS AIRES (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday that U.S. tariff actions are "not about protectionism" but about defending American interests against unfair trade practices.
Mnuchin told a news conference at the end of a trade-dominated meeting of G20 finance ministers and central bank governors here that President Donald Trump was not afraid of a trade war but starting one was not his administration's goal.
"We need to be prepared to act in the U.S. interest, again, to defend free and fair, reciprocal trade," Mnuchin said, adding there was a risk that other countries would "reciprocate" with tariffs of their own.
(Reporting by David Lawder; Editing by Paul Simao)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wall St futures muted as bond yields resume climb; Walmart drops after results
- BofA survey shows European fund managers eye growth despite caution
- Citi sees buying opportunity with Viking Holdings
Create E-mail Alert Related Categories
General News, Politics, ReutersRelated Entities
Donald J. TrumpSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
