US Deputy Treasury Sec. Muzinich: Must keep transatlantic partnership strong

Dhwani Mehta FXStreet

The latest comments are crossing the wires from the US Deputy Secretary of Treasury Muzinich, as he says that the US Administration must keep the transatlantic partnership strong and cooperate on international taxation.

Reuters reports his comments during his speech in Berlin. Muzinich added that the US and European financial regulators should harmonize policies and must hold up principle of equivalence.

On the US-China trade spat, he noted that it's clear to nearly everyone now that China's practices of technology transfer, market distortion are damaging.

He said that he “hopes to see broad European, German support for what we are trying to achieve on China”.

Fed's independence is not in question; trump has his views as does everyone, the US Deputy Secretary of Treasury noted.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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