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Fmr. Treasury Secretary Mnuchin on what Trump hopes to achieve with tariffs
CNBC Television· 2025-08-05 20:30
Trade Policy Objectives - The president aims to rebalance trading relationships for greater equality [1] - Tariffs are viewed as a revenue-generating tool [2] Tariff Impact & Revenue - A 10% baseline tariff across the board could generate over $2 trillion over a long period, significantly impacting the budget deficit [2] - Current tariffs range between 15% and 30% [2] Market Adjustment - The market is gradually adjusting to a higher baseline tariff environment [3] - Progress appears to be underway regarding trade with China [3]
X @Bloomberg
Bloomberg· 2025-07-15 21:05
Trade War Impact - Trump's trade war is putting pressure on stable trading relationships [1] - The trade war affects relationships with India and Asean [1]