US Deputy Treasury Secretary Michael Faulkender discusses the Trump Administration announcing tariff rates on various countries including Brazil and the Philippines, and whether or not these new tariff rates will persuade these countries to stop trading with the US and instead trade with China. Faulkender also talks about how many trade agreements the President can get done before August 1 & how the Treasury department is getting ready to implement the changes made by the Tax Bill. Michael Faulkender speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power."
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