US Treasury Secretary Steven Mnuchin has said that President Donald Trump, who has vowed to renegotiate various trade agreements, believes in reciprocal deals, amid concerns his administration may be considering new protectionist policies.
"If we can grow the US economy, that's not just good for the US worker, that's good for international growth and it creates opportunities," Mnuchin said during a conversation with Christine Lagarde, Managing Director of the International Monetary Fund, yesterday.
Trump, who came into the White House riding on a nationalistic agenda with his "America First" campaign, has vowed to drastically change decades of prevailing trade policy by renegotiating or - in some cases - scrapping trade agreements, and moving to bilateral trade agreements.
"We are poised, but we are in a geopolitical world, some type of event could happen, but I think we are positioned well," he said in response to a question from Lagarde at the conversion held on the sidelines of the annual Spring Meeting of the International Monetary Fund and the World Bank.
"One thing about the Trump administration, and the president, since he has been in office - we are approaching his first 100 days this week - he has reached out to literaly hundreds and hundreds of business leaders...