Mnuchin Warned by Japan, Germany as G-20 Sees New Economic Order

New Treasury chief to travel to Germany for March G-20 meeting Mnuchin has spoken to Japanese, U.K., German counterparts

Bloomberg (Saleha Mohsin)
February 17, 2017

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Trump’s economic agenda includes revamping trade policies, which may be at odds with a strong dollar....

“These are negotiating tactics — they are trying to send a signal that they don’t want to see the dollar appreciate too much,” said Domenico Lombardi, a former official on the International Monetary Fund’s board. “We know that with the Fed raising rates, we’re going to have a stronger dollar. This is going to undermine Trump’s efforts” to keep a pledge to double the U.S. economy’s growth pace to 4 percent, he said.

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