He talks about the Administration Priorities in a sit down with a White House Correspondent from cbs news. To taxe going to get reform because that is a big issue set in motion by the president yesterday. I want to talk about issues also related to the Treasury Department. Its an important part of what you do what the country is trying to achieve. Specifically north korea. David petraeus was just on the stage saying others are discouraged about the trade numbers with china, still trading with north korea. New sanctions were applied last week. Confidencer level of the sanctions will change the chinese behavior, and can you clarify, because there has been different reporting on this, what exactly chinese banks are and are not doing forward with north korea . Sec. Mnuchin thank you for bringing that up. I think it is an important topic. I did have the opportunity to go with the resident to the human General Assembly last week. It was an incredible experience sitting in the General Assembl
Were going to get to tax reform because that is a big issue set in motion by the president yesterday. I want to talk about issues also related to the Treasury Department. Its an important part of what you do what the country is trying to achieve. Specifically north korea. David petraeus was just on the stage saying others are discouraged about the trade numbers with china, still trading with north korea. New sanctions were applied last week. What is your level of confidence the sanctions will change the chinese behavior, and can you clarify, because there has been different reporting on this, what exactly chinese banks are and are not doing forward with north korea . Sec. Mnuchin sure, first of all, thank you for bringing that up. I think it is an important topic. I did have the opportunity to go with the resident to the human General Assembly last week. It really was an incredible experience sitting in the General Assembly and listening to his speech. He also signed last week in new y
Reporting, what exactly chinese banks are and are not doing Going Forward with north korea . Sure. First of all, thank you for bringing it up. I think its an important topic. I did have the opportunity to go with the president to the u. N. General Assembly Last week. It really was an incredible experience, sitting in the General Assembly and listening to his speech. He also signed last week in new york an executive order, which gives the Treasury Department the most extensive powers on sanctions that we have ever had. These are very important powers. We will be careful in using them, but we think they will have a very big impact. I have to emphasize that its a Going Forward basis. Have they been exercised yet . They havent. We did have sanctions this week that was additional sanctions that were allowed under the executive order, but as it relates to financial institutions, as i have told my counterparts, it will be on a Going Forward basis. Obviously we are concerned about historical a
Correspondents on the 2016 president ial campaign and the first few months of the trump presidency. Cohosted by atlantic magazine and the aspen institute, this is just over an hour. Were going to get to tax reform because thats a very big issue set in motion by the president yesterday. I want to talk about a couple of issues that are also related to the Treasury Department because they are an important part of what you do and what the country is trying to achieve. Specifically with north korea. David petraeus on the stage saying he and others discouraged by trade numbers indicating china is trading with north korea. New sanctions were applied last week. What is your level of confidence those sanctions will change materially the chinese behavior . Can you clarify, because theres been different reporting about this, what exactly chinese banks are doing Going Forward with north korea. Thank you for bringing that up. Its an important topic. I did have the opportunity to go with the preside
Experience will continue to see that in the most exciting way possible. One of my biggest most exciting challenges. Thank you. [applause] we are going to get to tax reform because that is a big issue set in motion by the president yesterday but i want to talk about issues that are an important part of what you do in the country is trying to achieve. With north korea, and general David Petraeus said he and others are discouraged by the recent trade numbers indicating china still trading with north korea, these sanctions were apply last week, what is your level of confidence those sanctions will change materially chinese behavior . Can you clarify, there has been different reporting about this, what chinese banks are and are not doing Going Forward with north korea . For bringing that up. It is an important topic. I did have the opportunity to go with the president to the Un General Assembly last week, it was an incredible experience sitting in the General Assembly listening to his speec