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Treasury Secretary urged Trump to exempt Canada from steel and aluminum tariffs: Sources
Source: ABC News
Treasury Secretary urged Trump to exempt Canada from steel and aluminum tariffs: Sources
By TARA PALMERI Jun 5, 2018, 7:09 PM ET
At a White House trade meeting on Tuesday, Treasury Secretary Steven Mnuchin urged President Donald Trump to exempt Canada from steep steel and aluminum tariffs, two senior administration officials and two sources close to the White House tell ABC News.
Mnuchin presented the option to Trump in a meeting of the administration’s most senior economic policymakers, including director of the National Economic Council Larry Kudlow, Commerce Secretary Wilbur Ross, Trade advisor Peter Navarro, trade representative Robert Lighthizer and chief of staff John Kelly.
After returning from the G-7 finance ministers summit in Canada, Mnuchin made the case that the U.S. has a $2 billion steel surplus with Canada and a nearly $26 billion services surplus, and should consider making an exemption for its northern neighbor, according to the sources.
But not all of the advisers were in agreement, according to two sources familiar with the conversations. They say the group has been known to harbor ideological differences on major economic issues and the meeting adjourned without any clear resolution to the matter.
-snip-
By TARA PALMERI Jun 5, 2018, 7:09 PM ET
At a White House trade meeting on Tuesday, Treasury Secretary Steven Mnuchin urged President Donald Trump to exempt Canada from steep steel and aluminum tariffs, two senior administration officials and two sources close to the White House tell ABC News.
Mnuchin presented the option to Trump in a meeting of the administration’s most senior economic policymakers, including director of the National Economic Council Larry Kudlow, Commerce Secretary Wilbur Ross, Trade advisor Peter Navarro, trade representative Robert Lighthizer and chief of staff John Kelly.
After returning from the G-7 finance ministers summit in Canada, Mnuchin made the case that the U.S. has a $2 billion steel surplus with Canada and a nearly $26 billion services surplus, and should consider making an exemption for its northern neighbor, according to the sources.
But not all of the advisers were in agreement, according to two sources familiar with the conversations. They say the group has been known to harbor ideological differences on major economic issues and the meeting adjourned without any clear resolution to the matter.
-snip-
Read more: https://abcnews.go.com/Politics/treasury-secretary-urged-trump-exempt-canada-steel-aluminum/story?id=55674541
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