Treasury Secretary Steven Mnuchin said Saturday that he doesn't want to be protectionist on trade but will seek out balanced agreements.

"We do not want to be protectionist but we reserve our right to be protectionist to the extent that we believe trade is not free and fair," Mnuchin said at a press conference held at the end of a meeting of finance ministers from the Group of Seven industrial democracies.

He added that international counterparts were growing more comfortable with the Trump administration's approach.

"Our approach is for more balanced trade, and people have heard that," Mnuchin said. "And as I say, people are more comfortable today, now that they've had the opportunity to spend time with me and listen to the president and hear our economic message."

Mnuchin has previously promised that the Trump administration is not pursuing a protectionist trade policy but has noted that the U.S. should be allowed to renegotiate the terms of major trade agreements. Mnuchin reportedly rejected a request from German officials to add more free trade language during the G20 meeting in March.