Mnuchin on CNBC

  • Thinks they could get a deal through Congress with only Mexico

  • Won't speculate on issues with Canada-US

  • Does not anticipate a lot of sticking points on trade talks with Canada

  • Expects a deal will wrap up this week

  • This is the first major trade deal change

  • We need better market access to China, this can't be a one-way transaction

  • One of top issues we discussed with China was currency

  • We've made progress since Juncker's visit

  • There is a very strong currency chapter in NAFTA

  • We're working on WTO 2.0

  • I meet with Powell weekly, we respect Fed independence

  • I'm not at all concerned about the yield curve

  • US is very much ready to do trade deal with UK, we have a lot of similarities that should allow us to do a quick deal

Mnuchin made some bizarre statements on Chinese currency manipulation. He said if they manipulate the yuan stronger, that's not manipulation. If they allow it to fall, that is manipulation.