/

U.S. Treasury's Mnuchin: U.S. not abandoning its leadership in the global economy

3 June 2018

Speaking at the G7 summit, U.S. Treasury Secretary Steven Mnuchin stressed that the U.S. is not abandoning its leadership in the global economy. He also said comments describing the meeting as the "G6 plus one" did not reflect the situation. Mnuchin was the prime target of the criticism at the meeting of Group of Seven finance ministers and central bank governors in Canada His remark came as the United States' closest allies attack the Trump administration for imposing tariffs on steel and aluminum imports.

U.S. TREASURY SECRETARY, STEVEN MNUCHIN  said "I don't think in any way, the U.S. is abandoning its leadership in the global economy. Quite the contrary, I think that, you know we've had a massive effort in tax reform in the United States, which has had an incredible impact on the U.S. economy. You see this in the jobs numbers, you see this in consumer confidence. We couldn't be more optimistic I've continuously talked about our objective to hit 3 percent sustained GDP. I think we're well on our way to that. So, I think our leadership on the economy, which is one of President Trump's major objective's -- that national security is not only good for the United States, is good for growth around the world. And, if anything that additional growth is potentially leading to us even more reason to want to focus on these trade issues. "