Mnuchin says there is some risk of a trade war with China

[Yo_Mama_Been_Loggin]

Treasury Secretary Steven Mnuchin said there is “a level of risk” that the tariff dispute between the U.S. and China will erupt into a full-scale trade war, though he’s “cautiously optimistic” that the world’s two largest economies will resolve differences through negotiations.

“This has been very well organized. Our strategy is very clear,” Mnuchin said Friday in an interview with CNBC. “I’m cautiously optimistic we’ll be able to work it out.”

Mnuchin added “there is a level of risk that we could get into a trade war.”

The Treasury secretary said he wasn’t concerned that China would retaliate by making it harder for the U.S. to finance deficits just as the administration’s tax cuts increase the federal government’s borrowing needs. China owns almost $1.2 trillion of U.S. government debt.

https://www.msn.com/en-us/money/markets/mnuchin-says-there-is-some-risk-of-a-trade-war-with-china/ar-AAvyQLF?li=BBnb7Kz

[Corgigal]

1. You don't say.

Fighting with people who own your debt probably isn't a good idea. Might want to tell your boss, but I doubt he'll be able to listen, read or follow.

Good luck, everyone.

[Yonnie3]

2. Thanks Mnuchin, I wouldn't have known.

There is something about Mnuchin's appearance or body language which puts me on edge. After he opens his mouth I want to go ballistic.

The mute button is a necessity.

[Blue_true]

4. Guy should star in the next Dracula movie.

He has that creepy air about him.

[democratisphere]

3. Where did drumpf find this economic genius?!

[GulfCoast66]

5. Wonder what tipped him off?