Maxi-tax relief, revision of free trade treaties, backtracking on the rules of the financial markets. These are the promises of the two economic ministers selected by Donald Trump: the banker (ex-Goldman Sachs) Steven Mnuchin to the Treasury and the billionaire Wilbur Ross to Commerce (dicastery that includes foreign trade and therefore treaties such as Nafta, Tpp, Ttip). Also at Commerce, Trump indicated Todd Ricketts as deputy secretary.
Mnuchin in an interview with CNBC a few hours after the announcement of his appointment promised "the biggest tax reduction since Ronald Reagan" as part of a profound reform of tax legislation. He said that thanks to this reduction in the tax burden, America will achieve economic growth of between 3% and 4% per year (but in reality yesterday's figure of +3,2% of GDP, therefore US growth is already at those levels in Barack Obama's last quarter).
While waiting to know the name of the future secretary of state, for which former New York mayor Rudi Giuliani continues to be favored, the Treasury is the most important appointment of all those Trump has made so far. Mnuchin, 53 years old, worked at Goldman Sachs, then set up on his own, he also worked as a financier for the Hollywood film business.
