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Treasury Department

(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.


(Daily News)
May 24, 2019

The Commerce Department on Thursday introduced a draft rule that would authorize the use of countervailing duties on countries that undervalue their currency relative to the U.S. dollar.


(In Trade)
May 07, 2019

“Things that are unfavourable to us, no matter how you ask, we will not take any step back. Do not even think about it.”


(Daily News)
May 06, 2019

President Trump’s decision to raise tariffs on Chinese goods was sparked by Beijing's decision to renege on a series of commitments it had made in trade talks, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mncuhin said on Monday.


(In Trade)
April 24, 2019

Kudlow: “We are not there yet.”


(Daily News)
April 19, 2019

The National Association of Manufacturers this week filed suit against the Treasury Department and Customs and Border Protection over a recently implemented rule they say bans “substitution drawback,” a program which allows importers to recoup paid tariffs or taxes if they export similar products.


(In Trade)
April 18, 2019

PIIE's Hufbauer says the U.S. could invoke Section 891 of the Internal Revenue Code to “double income tax rates on foreign citizens and corporations.”


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