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Steve Mnuchin's "whoa if true" comment on energy exports

Photo: Pete Marovich/Getty Images

Treasury Secretary Steve Mnuchin has repeatedly said in recent days that the emerging trade compromise with China could pave the way for a $40 to $60 billion increase in annual U.S. energy exports.

Why it matters: It's a "whoa if true" comment. Those estimates suggest the Trump administration believes the U.S. oil-and-gas boom could lead to a massive expansion in supplies shipped to the world's most energy-thirsty nation.