Comments from Mnuchin

  • Expects Japan trade deal to be finished very soon
  • No reason to believe Powell's job isn't safe
  • Talks with France continue
  • We're prepared to sign a China deal if it's good for the US
  • We have not seen impact from trade war on US economy
  • President perfectly fine with continuing tariffs absent a new deal

A tax cut is all political gains at this point. It has very little chance of getting through Congress.