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Treasury Department

(In Trade)
December 09, 2019

Morneau: “These companies are international and we want to make sure they pay their fair share in tax and don’t find a way around it.”


(In Trade)
December 06, 2019

“An optional solution would clearly not be acceptable to France or its OECD partners.”


(Daily News)
December 06, 2019

Treasury Secretary Steven Mnuchin this week told the head of the Organization of Economic Cooperation and Development that the U.S. had concerns with a proposed tax framework crafted to pre-empt the need for digital services taxes and suggested a new approach the OECD warned could imperil the timeline for concluding the negotiations.


(Daily News)
October 11, 2019

The United States agreed to suspend plans to raise tariffs on $250 billion worth of Chinese goods from 25 percent to 30 percent in exchange for commitments from China to step up purchases of U.S. agricultural goods and abide by new currency rules, sources tell Inside U.S. Trade.


(In Trade)
September 23, 2019

At the UN, Trump maintains that China is clamoring to strike a deal with the U.S.


(In Trade)
September 05, 2019

Lighthizer, Mnuchin and Chinese Vice Premier Liu He set up the next round during a phone call this week.


(Daily News)
August 06, 2019

The People’s Bank of China has responded to the U.S. Treasury Department’s classification of China as a currency manipulator by pointing out that Beijing does not meet the Treasury’s own criteria for the label, arguing that the decision was instead based solely on the escalating U.S.-China trade tensions.


(In Trade)
August 05, 2019

“As a result of this determination, Secretary Mnuchin will engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China’s latest actions.”


(In Trade)
July 30, 2019

“The problem with them waiting, however, is that if & when I win, the deal that they get will be much tougher than what we are negotiating now … or no deal at all. We have all the cards, our past leaders never got it!”


(In Trade)
July 12, 2019

Treasury official says U.S. must act to curb other countries from considering digital services taxes.


(Daily News)
July 01, 2019

The Commerce Department’s plans to use countervailing duties on trading partners that undervalue their currency relative to the U.S. dollar lack details on implementation and could afford the agency too much power, former government officials say.


(Daily News)
June 24, 2019

In response to France’s imposition of a digital services tax, Treasury Secretary Steven Mncuhin should consider using a provision of the Internal Revenue Code that allows the president to double tax rates for foreign companies and individuals, the leaders of the Senate Finance Committee said on Monday


(Daily News)
June 11, 2019

The Organization for Economic Cooperation and Development hopes to develop new global income tax rules by the end of 2020 that would prompt countries to remove digital services taxes and pre-empt the imposition of new ones.


(Daily News)
June 08, 2019

TSUKUBA, JAPAN – The U.S. and China are unlikely to make much progress in trade talks before the G20 summit in Osaka, Japan, late this month, Treasury Secretary Steven Mnuchin said on Saturday.


(Daily News)
May 28, 2019

The Treasury Department, in its latest biannual report to Congress, has again found no currency manipulators among major U.S. trading partners, though it has made stringent changes to its monitoring list and expanded the number of countries assessed.


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