Former Treasury Secretary Mnuchin says Trump's top priorities will be tax cuts, Iran sanctions and tariffs

2 weeks ago 6

 Tariffs request   to beryllium  utilized  to get   counterparties backmost  to the table

President-elect Donald Trump apt volition instrumentality to cornerstones of his erstwhile economical level specified arsenic tariffs, little taxes and sanctions erstwhile helium assumes bureau successful January, his erstwhile Treasury caput said Thursday.

Steven Mnuchin, who held the station passim Trump's archetypal word from 2017-21, told CNBC that helium sees those items arsenic captious to the Republican's agenda.

Tax cuts are "a signature portion of his program," Mnuchin said successful a "Squawk Box" interview. "I deliberation that should beryllium casual to walk successful Congress, peculiarly if the Republicans power the House arsenic well, which it looks similar it volition be."

Also connected the docket would beryllium tariffs, which Trump implemented connected aggregate items during his archetypal word and promised to bash again.

"I deliberation that tariffs bash request to beryllium utilized to get antagonistic parties backmost to the table, particularly China, which is not surviving up to each of the agreements they made," Mnuchin said.

Finally, helium indicated that nations specified arsenic Iran and Russia tin expect to spot sanctions again. The Trump medication levied measures against petroleum producers successful Iran successful 2019 due to the fact that they were owned by the Islamic Revolutionary Guard.

"The sanctions connected Iran and Russia were precise impactful. In the lawsuit of Iran, they're present selling millions of barrels of oil, which needs to beryllium stopped," Mnuchin said.

Outside of those issues, Mnuchin, who said helium apt would not instrumentality an authoritative relation successful the Trump medication but would "be blessed to service from the outside," expects Trump to instrumentality connected different issues specified arsenic steep shortage spending.

"I deliberation he's successful a presumption now, peculiarly with this overwhelming result, to instrumentality connected hard issues, and I deliberation that's got to beryllium portion of authorities spending," helium said.

Mnuchin is the laminitis of Liberty Strategic Capital.

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