Economics
Mnuchin G-20 Debut Clouded as U.S. Unspools World FX Truce
- Trump has accused trade-surplus nations of unfair FX moves
- Treasury, IMF currently don’t designate China a manipulator
How Steven Mnuchin Got the Treasury Job
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With President Donald Trump’s Treasury secretary finally in place, finance chiefs around the world have a direct link into an administration not shy about criticizing foreign currency policies.
Group of 20 finance ministers were left in limbo during Trump’s first weeks in power without a counterpart to explain the inward-looking trade policies that the president and his advisers were calling for. Some of those remarks moved markets, with the administration singling out top trading partners China, Japan, Mexico and Germany for running large trade surpluses.