Former Treasury Secretary Mnuchin: Tariffs need to be used to get counterparties back to the table

[@deevee4994]

How soon we forget that this jacka.. screwed homeowners out of millions in 2008.

[@wkusam123]

tariffs = taxes free trade > fair trade

[@stormvillians]

They setting yall up to pay they bill lol 😆 😂

[@rogergeyer9851]

The GOP endlessly whines about spending but wants endless tax cuts. It takes control of the balance of BOTH spending AND taxation to have balanced budgets. With out debt, we need meaningful SURPLUSES in all but very bad economic times. Not that EITHER side will support the discipline to do that. Nor their voters -- on BOTH sides. But then, it's always someone ELSE's fault. Our country is a political insane asylum, with no one competent in charge.

[@humanbeing5300]

GOP administrations have increased the debt more than Democratic ones over past 50 years. It’s approximately 55/45. Trumps second term will be no different. Maybe the bond market will finally crash but I doubt it.

[@sapaiyo9810]

How is it China market is closed to the US products? Just look at Tesla, Starbucks, and so many others.

[@FarukStingl]

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[@CharliesMcCormicks]

The strategies are quite rigorous for the regular. They are mostly successfully carried out by pros who have had a great deal of skills/knowledge to pull such trades off.

[@KarenDuncan-o5s]

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[@FarukStingl]

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[@KarenDuncan-o5s]

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[@FarukStingl]

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[@JoeDurbs]

If we lower the corporate tax rate the companies will never pass this savings to the customer. The shareholders will be the only ones getting rich

[@Felix-op1rw]

like the last trump tax cuts. Studies show it has only little effect on growth while rapidly increasing the debt and inequality

[@s1dwyz732]

So every single form of a retirement beside under the mattress?

[@Felix-op1rw]

no serious economist is for across the board tariffs. This happens if you choose „experts“ based on who agrees with you instead of quality

[@raheelakhtar7]

Urgh! Tariffs are bad policy. No one in USA wants to work in a freakin factory for minimum wage and long ass hours. Why is this path to prosperity? Would you want this for YOUR kids?

[@karmasutra4774]

Tariffs are supposed to tip their hand and bully them into creating work in the US and lowering costs. It's just a technique in business like playing chicken. That is what he is trying to do.. bring jobs here and we shouldn't be dependent on procuring for most things outside the US. People will want to work those jobs

[@stormvillians]

No they absolutely trying to squeeze the American consumer. Tariff are another tax added to the cost. More inflation

[@johnsullivan8673]

@@karmasutra4774 I guess you didn’t check out how trump’s first trade war fared.

[@BRPPlanning]

He need to step down, let younger generations control your dreams.

[@slave_eagle]

CNSB going straight to what Trump would on the eve of Presidency Appointment was fast😂

[@JoeDurbs]

We need to pay debt down not add to it

[@navi2102]

How is the US going to do that with a 2 trillion dollar budget deficit?

[@RaviKiran-lx2kw]

Did America hold up the bretton woods policy.. Why should China hold up trade agreements

[@s1dwyz732]

Because the amount of curcial importing china does through the strait malaca with an inferior navy

[@RaviKiran-lx2kw]

@s1dwyz732 what's strait Malacca got to do with America.. That's 7,000 miles away

[@philyogaeveryday321]

Entitlements? The DOD seems mighty entitled.

[@thetradersam6157]

just remember Social Security is not an entitlement

[@RK-um9tu]

Why would anyone listen to a Bot...

[@yaz1294]

ppl pay into social security, no not an entitlement.

[@pallekjrlaursen8388]

Tariffs will be used to compensate farmers for losses due to tariffs. Congrats on the "win".

[@stevenyu5384]

Lol, wait till China levies tariffs on farm products and taxpayers fork over more money to support farmers.

[@WayneAlazraki-hq8et]

What a liar!

[@kmancrk]

Why must Sorkin be so biased in his positioning? He’s the reason I can’t watch the full broadcast anymore. Too biased to be affective.

[@stevenyu5384]

He isn’t. He balances out the money-at-all-cost of the guests.

[@rogergeyer9851]

The word is effective. Say what your actual ISSUE is, not just empty whining.

[@1952RONALD]

I’m just waiting for my 1/2 price utility bill! 😂😂

[@wkusam123]

If there's a tariff on it, it'll be x2

[@AZ-hj8ym]

China market is not closed. Your pricing is just not competitive and lost the market.

[@richardziegler213]

Corporate taxes 0% ! Squeeze dem old folks ! They got the money ! 😂

[@stormvillians]

No you voted for them to pay nothing. Enjoy it

[@patrickjones1392]

I don't anticipate SS being cut. I think something will be figured out. I just hope it isn't turning it over to Wall St.

[@tammystut]

I'm 100 percent in US Stocks and will be rewarded handsomely, if SS is investing in the stock market like HSA accounts 😁

[@richarddamien4654]

Privatizing Social Security could actually be a good thing. Here’s why- as it currently stands, if you contribute for 40 years and then die before reaching retirement, your family/heirs receive nothing. With privatization, beneficiaries could be designated and your account passed to your heirs.

[@rogergeyer9851]

@@richarddamien4654: If you do that, then MUCH more must be collected in SS taxes. Annuities work because of the rules. You can't just completely change that and expect it to work without changing the underlying rules. I'd like to see a compromise. Some basic level guaranteed, and much of it in the market. Long term returns would be better without risking the whole thing to the market. Not that our congress is any good at compromise in recent years.

[@dquin0091]

Cut social security. It will hurt but it’s for the best

[@yaz1294]

You must be rich! Why are you even commenting here?

[@anandp3991]

Don’t cry Sorkin. Don’t cry.😢😜

[@tedosmond413]

3:00 - 3:23 total bs

[@1977ivanhoe]

Congratulations president Trump ❤ 😂

[@darrenhere5856]

🙏🙏

[@MZInternationalBusiness]

Mike Pence sends his regards

[@ibrahimdhere]

The only former secretary who served under Trump who never thrashed the president when he left office. Loyal to the core.

[@tradr4evrr]

that should be a tip off to you....

[@rogergeyer9851]

Naturally, reality, including the fact that Donald Trump DESERVED lots of negative comments re his criminality, lying, incompetence, etc. are the reality. Not to your ilk. Instead, blame all the messengers. Good work. /s

[@siamcharm7904]

there are usa companies all over china we sell 800 billion a year to the chinese. new taxes and boycotts will cause a lot of pain to our comps like deere, mcd, apple, gm, 8000 in all. cant think of any chinese comps around usa.

[@rogergeyer9851]

In the real world, the Chinese ship a HELL of a lot of goods to the US which are bought by US consumers. Wake up. I'm not saying I'm for higher tariffs -- but basic facts are what they are whether Trump won or not.

[@MrTom-kl7hy]

Lower interest rates, mean lower payments to the social security trust fund. 15 years of way too low interest rates have robbed the trust fund of billions, promoted wasteful spending in both the private and government sectors, and increased the income divide.

[@rogergeyer9851]

That's nonsense. If inflation is higher, causing higher interest rates, then more is paid out. The income is proportional, over time, to inflation. You can't magically get much higher interest rates than the supply/demand of the interest rate markets. Whining about "robbery" doesn't make it so.

[@dizishi2731]

US just want to selll agricultue products, but restrict selling high-tech products to China. That is how the trade imbalance arises between the US_China.

[@avataraustin1]

TRUMP MAGA!!!

[@stevem8602]

He said it. Goodbye social security

[@darrenhere5856]

dumbest post ever

[@rjv2395]

to get into the Chinese domestic market, you need to be competitive. the US isnt competitive in most sectors. so what are you talking about. look at heavy equipment, cat and deere, not a chance for that is China. what are you going to sell them? cigarettes and what?

[@RK-um9tu]

In the Maga world, the US is the best at everything...

[@RiddleS-x8d]

We finally are talking policy. It’s a start.

[@amatuer2]

Tariffs are a tax on the consumer !

[@tvm73827]

Not if you stop buying Chinese and start buying American (or Canadian or Mexican)

[@stlsensimilla]

​@@tvm73827Americans don't make anything.

[@royprovins7037]

What about the workers?

[@meltbeam]

@@tvm73827 that is literally impossible in a lot of cases. there are many, many things we don't manufacture and aren't in a position to start to. elon musk literally admitted that the middle class is going to endure hardship under tariffs

[@tecumseh4095]

@@tvm73827 Where can I buy an American made cellphone?

[@Patrick-yh5yd]

I hope Trump opens up business with Cuba. Great chance while Russia is busy.

[@emmeadowmitbbs3537]

US market is completely open to China? How about those self-driving EVs?

[@douglowry8674]

Trump should say Elon's companies will receive no more government grants.

[@RiddleS-x8d]

Clarity would help out a lot.

[@akapbhan]

Boeing in space already is a mess. He's the only one able to reliably provide internet to remote areas. US needs musk more than the other way around.

[@RK-um9tu]

​@@akapbhanWrong.

[@akapbhan]

@@RK-um9tu wow such an interesting point you made there.

[@jhockey11liu91]

Exactly. It is bargain tool.

[@MissMyMusicAddiction]

i would love to see him come back as treasury secretary, again. i like that he's thinking longer horizon maybe sitting on the sidelines for four years was a good thing for trump's old team

[@rogergeyer9851]

He's crazy and/or a liar. Trump's deficits were FAR more massive than any others in history to that point. Him claiming they were moving to balance the budget is pure insanity.

[@carolyn1003]

Congratulations Mr Trump ❤❤❤❤❤

[@darrenhere5856]

🙏🙏

[@richardgodwin2967]

Mnuchin was an outstanding Treas. Sec. I hope that Trump, the Sequel, puts him back in that cabinet position.

[@tradr4evrr]

well, he does have a hot wife!

[@s1dest3p]

Trump's plans are pretty good, but I hope he'll focus on individual taxes and making them a flat tax just like corporate taxes are.

[@douglowry8674]

Many companies in China have set up subsidiaries in other countries, including India and Vietnam. If you put on a tariff on China, companies move operations and still sell to the US, no new manufacturing jobs in US.

[@ChrisDennis-dp3md]

Level playing field😅😅😅😅😅😅😅😅😅

[@darrylanderson4764]

Good morning Andrew please keep the president on track with your plan

[@knt3219]

Good To See You Mr. Mike And It Has Been A While Since You Brought That Piece Last Time On CNBC. And At One Point , You Were Saying About Buying TikTok. Good To See You Sir. I Have Been Looking For The FED’s Decision Since Last Few Days . Will It. Happen. I Think 💚🇺🇸❤️✅☀️ It Will ☀️. Sincerely❤️❤️❤️.

[@knt3219]

KNT 11:55 A.M. Eastern Time 🇺🇸. Sincerely❤❤❤, KNT.

[@RiddleS-x8d]

No excuses Republicans.

[@darrylanderson4764]

Elon musk is a genius in engineering and energy, right Andrew

[@galkema]

His last action on the way out was disappointing. Perhaps he ought not come back.