Mnuchin: U.S. to Review China Tariffs After Phase 2 Signed

The video discusses tariffs on Chinese goods, clarifying that they will remain until a phase two agreement is reached. It addresses misinformation, stating no secret agreements exist. A detailed currency chapter is part of the enforceable agreement, with China committing to transparency. The focus is on implementing phase one, with structural changes and technology protection. The potential for a better phase two negotiation post-election is considered, and the economic benefits of tariff reductions and USMCA are highlighted.

What is the condition for the tariffs on Chinese goods to be lifted?

• When the full agreement is released

• Completion of phase one

• Completion of phase two

• After the election

What commitment has China made regarding its currency?

• To peg it to the US dollar

• To decrease its value

• To avoid currency manipulation

• To increase its value

What is the significance of the agreement mentioned in the second section?

• It is a temporary agreement

• It is the first non-binding agreement with China

• It focuses solely on tariff reductions

• It includes structural changes and technology protection

What is the potential benefit of the phase two agreement?

• Immediate tariff removal

• Additional tariff reduction

• No economic benefits

• Increased tariffs

What is the President's stance on the timing of phase two negotiations?

• He has no opinion on the timing

• He wants to finalize it before the election

• He believes a better deal can be made after the election

• He prefers to rush the negotiations