Back to the trade war: Mnuchin says he’s talking to Congress about reciprocal taxes

Mnuchin on CNBC

  • Said he’s in preliminary discussions with Congress on the structure of a ‘reciprocal tax’
  • Said jobs report was ‘really impressive’
  • Commerce will issue regulations soon on guidelines for tariff exemptions

The tariffs are just the first overture in the trade war.

More on CNBC:

  • I expect there will be other exemptions from tariffs
  • I can assure you there won’t be any Herbert Hoover moves
  • I was happy to see participation rate increase today
  • We’re not really at full employment
  • We need to make sure people have the proper training to get jobs
  • Having ‘direct’ comments with China on trade

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