U.S. Treasury Secretary: The tariff policy aims to promote the return of manufacturing, and the economic policy has shown significant results.

[Coin World] U.S. Treasury Secretary Mnuchin stated in an interview with Nikkei that President Trump's tariff policy aims to bring manufacturing back to the United States. When evaluating the effects of Trump's economic policies since he took office, Mnuchin said, "Trump's economic policy is like a 'three-legged stool' — taxes, trade, and deregulation. On the tax front, we have completed the Tax Cuts and Jobs Act at a record pace, which was signed into effect on July 4. Regarding trade, I believe we can basically complete the relevant work by the end of October. As for deregulation, this is an ongoing effort, and it has been clearly mandated that for every new regulation introduced, ten old regulations must be eliminated." Mnuchin stated that the main reason for the shift in trade policy towards tariffs is to rebalance. "Over time, tariffs should be like a melting ice cube. If production comes back to the United States, then our imports will decrease," he said.