Argentina: Washington 'not afraid of trade war' — US Treasury Sec. Mnuchin at G20

The United States is not afraid of a trade war, stated the US Treasury Secretary Steven Mnuchin during a press conference at G20 summit in Buenos Aires on Tuesday. «We need to be prepared to act in US interests to defend free and fair and reciprocal trade,» he said, adding that such actions always posed a risk that others would reciprocate. «There's a risk of a trade war, the president has... Еще said we're not afraid of getting into a trade war, given the size of our market, the size of our economy, and the fact that we have a big trade deficit,» Mnuchin noted. US President Donald Trump's newly implemented steel and aluminium tariffs was the most pressing issue on the agenda of the G20 finance ministers' meeting. Many of US trading partners see in these plans a form of protectionism. Among other extensively discussed issues was the growing importance of cryptocurrencies and the role they can play in illegal activities, including money laundering and terrorist financing.

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