US Treasury Secretary Steven Mnuchin says that it is likely that President Donald Trump would exempt more countries from trade tariffs.
“The president can do exemptions and my expectation is there may be some other countries that he considers in the next two weeks,” Mnuchin said in an interview with CNBC on Friday.
Defying his own party and delivering on a campaign promise to fight unfair practices by America’s trading partners, Trump signed paperwork enacting tariffs of 25 percent on steel and 10 percent on aluminum during a ceremony at the White House on Thursday.
Mnuchin added that exemptions for specific products would be decided by US Commerce Secretary Wilbur Ross, who “will be publishing regulations very quickly on how those products could be exempt.”
Mnuchin also commented on the recent developments over Trump’s decision to meet with Korean President Kim Jong-un for talks about nuclear weapons.
“The president is determined that…