Just hearing from Treasury Secretary @stevenmnuchin1 and Commerce Secretary @SecretaryRoss here at Davos:
TS says re Huawei, he will talk with chancellor in London this week. re climate: Greta should go and study economics in college... and on trade...
TS says re Huawei, he will talk with chancellor in London this week. re climate: Greta should go and study economics in college... and on trade...
NEW: On a UK-US trade deal:
US Treasury Sec Mnuchin says: UK wants to “accomplish both [EU & US] deals in 2020 obviously an aggressive timetable... we expect to complete that [ie UK-US] within this year”.
Ross: “far fewer issues between UK & US than between either of us and EU”
US Treasury Sec Mnuchin says: UK wants to “accomplish both [EU & US] deals in 2020 obviously an aggressive timetable... we expect to complete that [ie UK-US] within this year”.
Ross: “far fewer issues between UK & US than between either of us and EU”
So - according to members of President Trump’s Cabinet, both sides of UK-US deal expect it to be done THIS year.
asked Mnuchin/Ross if raising prices paid to US pharma & detaching UK from EU food standards on eg pathogens (chicken) still US aims for deal:
Ross:“what we think is drugs should have similar prices wherever they are, but dont believe we’re in any position to tell UK what to pay”
Ross:“what we think is drugs should have similar prices wherever they are, but dont believe we’re in any position to tell UK what to pay”
More generally on trade:
Mnuchin:
“No question that the Presidents tariffs or threat of tariffs have led them to renegotiate trade deals - purpose is to get free and fair trade.
We’ve made major progress with China, USMCA, and now we are turning our attention to Europe...”
Mnuchin:
“No question that the Presidents tariffs or threat of tariffs have led them to renegotiate trade deals - purpose is to get free and fair trade.
We’ve made major progress with China, USMCA, and now we are turning our attention to Europe...”
This comes on a day when key cabinet committee might decide on the strategy on trade negotiations. Mandates not yet published for either deal...
Greta Thunberg hits straight back against US Treasury Secretary Steve Mnuchin’s saying she should go to college to study economics before he would listen to her ideas:
