Treasury's Mnuchin says Trump doesn't want trade wars

Reuters News
Posted: Mar 16, 2017 2:04 PM

BERLIN (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday that the Trump administration has no desire to get into trade wars, but certain trade relationships need to be re-examined to make them fairer.

At a news conference with German Finance Minister Wolfgang Schaeuble, Mnuchin said that President Donald Trump recognizes trade's importance for economic growth.

"It is not our desire to get into trade wars," Mnuchin said. "The president does believe in free trade but he wants free and fair trade."

(Reporting by David Lawder; Editing by Andrea Shalal)