Mnuchin reveals Trump's main priorities include tax cuts, Iran sanctions, and tariffs.
- Former Treasury Secretary Steven Mnuchin stated that President-elect Donald Trump is likely to revisit the cornerstones of his previous economic platform, including tariffs, lower taxes, and sanctions.
- Mnuchin stated that he was unlikely to take an official position in the Trump administration but would be content to contribute from the outside.
When President-elect Donald Trump assumes office in January, he is likely to revisit the cornerstones of his previous economic platform, including tariffs, lower taxes, and sanctions, as his former Treasury secretary stated on Thursday.
Steven Mnuchin, who served as Trump's Treasury Secretary from 2017-21, stated that these items are crucial to the Republican's agenda, according to CNBC.
Mnuchin stated in a "Squawk Box" interview that tax cuts are a significant aspect of his program and should be easily passed in Congress, especially if the Republicans maintain control of the House, which seems likely.
In addition to the agenda, tariffs were also a topic of discussion, as Trump had implemented them on various items during his first term and pledged to do so again.
Mnuchin stated that tariffs are necessary to bring counterparties back to negotiations, particularly China, who has not adhered to all of their agreements.
The Trump administration imposed sanctions on petroleum producers in Iran in 2019 due to their ownership by the Islamic Revolutionary Guard.
Mnuchin stated that the sanctions on Iran and Russia were highly effective. For Iran, the oil sales have increased significantly, which must be stopped.
Mnuchin, who stated that he would not take an official role in the Trump administration but would be content to serve from the outside, anticipates that Trump will tackle other issues, including high deficit spending.
He is now in a position to tackle tough problems due to the overwhelming outcome, and government spending should be part of it, he stated.
Mnuchin is the founder of Liberty Strategic Capital.
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