Mnuchin to Focus on Currencies as G-20 Girds for Trump Era
- Mnuchin team in limbo leaves U.S. policies with little clarity
- G-20 finance chiefs, central bankers meet in Germany next week
This article is for subscribers only.
U.S. Treasury Secretary Steven Mnuchin plans to use his debut at a Group of 20 meeting in Germany next week to drive home the message that the U.S. won’t tolerate countries that engage in currency devaluation to gain an edge in trade, according to people familiar with the matter.
The message, which will borrow from the G-20 consensus view hammered out with the previous U.S. administration, will be Mnuchin’s focus as he has few political staffers to develop detailed positions on key points such as global trade rules and their collision with President Donald Trump’s “America First” stance, the people said.