MNUCHIN: Actually, I said our expectation is that we don't think there will be a trade war. Our objective is to continue to have discussions with China. We want to have free and fair, reciprocal trade. We're just looking for our companies and our workers to have a level playing field. And right now, we have about $500 billion of goods that we buy from China and they buy about $135 billion from us.
Q: This has caused such nervousness in the markets--
MNUCHIN: The markets have had a lot of volatility in general. The market is still up a tremendous amount since the election. The tax plan is kicking in. Our regulatory relief is kicking in. Trade has always been the third part of our agenda. But let me just put this in perspective. If we can open up their $10 trillion economy for us to compete fairly, this is one of the single biggest opportunities long term for U.S. companies.
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The above quotations are from CBS "Face the Nation" interviews during 2018 (John Dickerson & Margaret Brennan interviewing candidates for 2018-20 races). Click here for other excerpts from CBS "Face the Nation" interviews during 2018 (John Dickerson & Margaret Brennan interviewing candidates for 2018-20 races). Click here for other excerpts by Steve Mnuchin. Click here for a profile of Steve Mnuchin.
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