On Monday, Mr. Cook went to Washington. On Friday, Washington came to him.
— Steven Mnuchin (@stevenmnuchin1) March 16, 2018
My take: If we get into a trade war with China, Apple is going needs all the help it can get. I wish I had more faith in Treasury Secretary Steve Mnuchin, a Goldman Sachs legacy (his father was a general partner) and home-mortgage foreclosure millionaire, who shared his views with Axios‘ Mike Allen last year on a range of topics:
- On AI supplanting human jobs: “it’s not even on our radar screen…. 50-100 more years” away. “I’m not worried at all” about robots displacing humans in the near future, Mnuchin said, adding: “In fact I’m optimistic.”
- The dollar bill: “I think we should look at putting President Trump on the thousand dollar bill.”
- The focus of tax cuts: Mnuchin said the Trump administration’s focus is on tax cuts for the middle class, not upper.
- On Silicon Valley tech: “I don’t understand these valuations.”
Okay. On that last point, I can’t disagree.