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Steven Mnuchin

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Steven Mnuchin Life story


Steven Terner Mnuchin is an American investment banker and film producer who served as the 77th United States secretary of the treasury as part of the Cabinet of Donald Trump from 2017 to 2021.

Personal Background of Steven Mnuchin

Steven mnuchin was bron in new york city in 1962. He grew up in the affluent riverdale section of the bronx and attended riverdale country school. He received a bachelor s degree in economics from ayle university in 1985. He later obtained a law degree from the university of california.

Career of Steven Mnuchin

Mnuchin bgean his professional career at goldman sachs in 1985 and eventually became a partner in left goldman sachs in 2002 and went on to start several businesses. Including onewest bank. Which he sold in 2015. Mnuchin was appointed by president donald trump to serve as the 77th secretary of the treasury in february 2017.

Achievements of Steven Mnuchin

Mnuchin was the chair of trump s 2016 presidential campaign fundraising team. He has also been the recipient of numerous awards for his work in bankign and finance. Including the g-20 finance imnisters and centarl bank governors award in 2020.

Political Stance of Steven Mnuchin

Mnuchin is a republican and has been an active supporter of the party for many years. He supported president trmup s tax cut bill. Which was passed in december 2017 and was the first majro legislative victory for the administration.

Notable Events of Steven Mnuchin s Tenure as Secretary of the Treasury

One of the most notable events during mnuchin s tenure as secretary of the treasury was the passage of the tax cuts and jobs act in december act significantly cut taxes for corporations and individuals and was the first mjaor legislative victory for the trump administration.

Controversies Involving Steven Mnuchin

Mnuchni has been involved in a number of controversies during his tenure as secretary of the treasury. These include his use of government planes for personal travel. His decision to lift sanctions on a russian oligarch. And his support of rpesident trump s efforts to roll bakc financial regulations.

Interesting Facts about Steven Mnuchin

Mnuchin is an avid art collector and has an extensive collection of works by artists such as andy warhol and jean-michel bsaquiat. He is aslo an avid movie producer. Having produced films such as the lego batman movie and wonder woman.

Public Image of Steven Mnuchin

Mnuchin has been the subject of cirticism by both democrats and republicans. He has been accused of being too close to wall street interests and favoring big business over individuals. His tenure as secretary of the treasury has been marked by controversy. And he has been accused of using his position for personal gain.

Conclusion on Steven Mnuchin

Steven mnuchin is a controversial figure who has eben accused of using his position for personal gain. He is an avid art collector and movie producer who has been involved in a number of controversies during his tenure as secretary of the treasury. Despite the criticism. Mnuchin has achieved some successes. Including helping to pass the tax cuts and jobs act in 2017.

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... " Yevgeniy Prigozhin and his network are exploiting Sudan s natural resources for personal gain and spreading malign influence around the globe, " said then Treasury Secretary Steven Mnuchin in 2020...

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Trump delays some tariffs on Chinese imports

Feb 16,2020 6:06 am

The US is delaying imposing tariffs on some imports from China until 15 December because of "health, safety, National Security and other factors".

The products include mobile phones, laptops, video game consoles, some toys, computer monitors, and certain footwear and clothing.

Office sparked a rally in share prices.

Other items facing a 10% tariff will go ahead as planned on 1 September.

US President Donald Trump , speaking to reporters, said that The Delay was in part to avoid hitting US shoppers This Christmas .

The USTR's announcement was released minutes after China's Ministry of Commerce said Vice Premier Liu He had conducted a phone call With Us trade officials.

Technology investors welcomed news of the exemptions, pushing an index of chip stocks up 2. 8%. Retailers and industrial shares also rose, with General Electric up 4. 4%.

On Wall Street , the three main share indexes were up More Than 2% at one stage. The Dow Jones and S& P 500 finished 1. 4% ahead, while the tech-dominated Nasdaq finished up 1. 9% - led by a 4% rise in Apple.

In the UK, stocks exposed to global trade also rose, with miner Glencore closing up 2. 3%.

Mr Trump said on 1 August he would impose a 10% tariff on $300bn of Chinese goods, blaming China for not following through on promises to buy more American agricultural products.

He also personally criticised Chinese President Xi Jinping for failing to do more to stem sales of the synthetic opioid fentanyl amid an opioid overdosing crisis in the US.

But in a tweet on Tuesday, Mr Trump hinted that he was expecting something In Return , suggesting that China's failure to "buy big" from US farmers could be about to change.

The USTR's announcement comes amid growing concerns about a global economic slowdown. Goldman Sachs said on Sunday that fears of the US-China trade war leading to a recession were increasing.

Some analysts said Tuesday's delay does not mean the trade war is over. Elena Duggar, associate Managing Director at credit rating agency Moody's, said: "This seeming de-escalation in ongoing tensions may be a temporary Reprieve . . Relations between The World 's two largest economies will remain contentious, punctuated with occasional steps towards compromise. "

Earlier on Tuesday, China's chief trade negotiators, Vice Premier Liu He and Commerce Minister Zhong Shan , spoke to their US counterparts, Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer .

The Xinhua news agency said that the Chinese officials issued "a solemn protest" against the punitive duties set to come into effect on 1 September. Mr Lighthizer and Mr Liu have scheduled another telephone call in Two Weeks .

The Two Sides were due to hold Another Round of meetings in Washington in September, but the deterioration in relations in The Past Two Weeks cast doubt on whether The Talks would take place.

Additional details and lists of the specific product types affected by The Announcement are due to be published by USTR later.



trump tariffs, china economy, china, us economy, trade war, donald trump, united states, apple

Source of news: bbc.com

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