Mnuchin: I don't expect tariffs to have a big impact on the economy [View all]
Source: The Hill
BY BRETT SAMUELS - 03/25/18 09:52 AM EDT
Treasury Secretary Steve Mnuchin said Sunday he doesn’t expect President Trump’s recent string of tariff announcements to have a large impact on the economy.
“I don’t expect to see a big impact on the economy. But again, I think what we’re doing is long-term very good for the economy,” Mnuchin said on “Fox News Sunday.”
Trump announced earlier this month that the U.S. would impose tariffs of 25 percent on steel imports and 10 percent on aluminum imports for national security reasons, in a move he argued would protect domestic workers and benefit U.S. companies.
Domestic and international leaders warned that such a move could spark a trade war, though the president brushed off such concerns.
Read more: http://thehill.com/homenews/sunday-talk-shows/380162-mnuchin-i-dont-expect-tariffs-to-have-a-big-impact-on-the-economy
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