The Phase 2 trade deal with China would not necessarily be a 'big bang"...
Mnuchin’s warning to Italy and Britain comes after France backed out and pledged with the United States to avoid a trade war until at least the end of this year.
British Prime Minister Boris Johnson in December had pledged to make major multinational companies pay their fair share of tax, including the implementation of a Digital Services Tax.Mnuchin said that he hoped Britain and Italy would suspend their plans to impose the taxes, according to the report. “If not they’ll find themselves faced with President Trump’s tariffs. We’ll be having similar conversations with them.”
Mnuchin also said the Trump administration would propose additional tax cuts for the middle class in the United States.The details on proposed tax cuts come as Trump seeks to strengthen his 2020 re-election campaign.
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