May 22, 2019 / 1:17 PM / 2 months ago

U.S. decision on proposed tariff hikes is at least a month away: Treasury

Treasury Secretary Steven Mnuchin testifies before the House Financial Services Committee hearing on "The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System" in Washington, U.S., May 22, 2019. REUTERS/Mary F. Calvert

WASHINGTON (Reuters) - The Trump administration is studying how proposed tariff increases on Chinese imports will affect consumers and is at least a month away from enacting them, Treasury Secretary Steven Mnuchin said on Wednesday.

“There won’t be any decision probably for another 30 to 45 days,” Mnuchin said at a hearing with lawmakers in the U.S. House of Representatives, adding that he had spoken with the chief financial officer of retailer Walmart about how the tariffs will impact consumer prices.

“That’s something I can assure you the president will be focused on before we make any decisions.”

(This version of the story corrects to show Mnuchin spoke with Walmart’s chief financial officer, not its chief executive)

Reporting by Jason Lange; Editing by Chizu Nomiyama

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