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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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US-China "currency manipulator returns" label

Feb 16,2020 6:06 am

made in The USA reversed its decision, the brand will relax in China, a currency manipulator, as the Two Countries are preparing to start a trade war.

The told US that it made The Change , because China had agreed to a devaluation of its currency to its own goods cheaper for foreign buyers.

Washington and Beijing are expected to sign that "phase one" Pact This Week .

The Deal is aimed at de-escalation of the tit-for-tat tariff war between the Two Countries in 2018.

"China has made enforceable commitments to competitive devaluation can, while the promotion of transparency and accountability," U.S. Secretary of the Treasury, Steven Mnuchin said.

President Donald Trump has repeatedly accused China to fall so that the value of the yuan, making Chinese goods cheaper.

But, on Monday, told US that the value of the yuan appreciated had war since August, at The Height of the trade.

Mr. Mnuchin said that China had made "enforceable obligations" to refrain from devaluation, and share more information about their exchange rates.

"In this connection, the Ministry of Finance, has determined that China-said should not be reported as a currency manipulator at This Time ," the treasure chamber.

trade tensions

The United States officially in August, when tensions were high between Beijing and Washington.

China had pledged to take revenge against Mr. Trump, the threat to a 10% tariff on a $300bn (£246. 7bn) of the Chinese imports.

at the time, China blamed the weakening of the domestic currency in the market, what investors were concerned about the escalating trade war between the Two Countries .

The estimated was supported by The International monetary Fund, which revealed that the currency was pretty.

Under the U.S. definition, currency manipulation is the conscious effort by a state to influence The Exchange rate between your currency and the US dollar, to an "unfair competitive advantage in International Trade ".

Mr Trump, who accused China for a decline in US production, promised to label China a manipulator during his 2016 election campaign.

But after he took office, The U.S. Treasury Department in its regular reports to Congress on The Exchange -rate development.

Finance Minister Steven Mnuchin finally in motion, after the pressure of The President reported. It was the First Time , the United States officially brands a country a currency manipulator since 1994.



trump tariffs, china-us relations, donald trump

Source of news: bbc.com

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