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Mnuchin says trade fights haven’t hurt economy

Reuters
Treasury Secretary Steven Mnuchin arrives in the Rayburn House Office Building to testify before a House Financial Services hearing.

Treasury Secretary Steven Mnuchin said Thursday the economy had not been harmed by the administration’s trade disputes with the European Union, China, Canada and Mexico.

“We have not yet seen any negative impact,” Mnuchin said, during testimony before the House Financial Services Committee.

In rare agreement when discussing the Trump administration, both Republicans and Democrats on the House panel expressed concern the various trade disputes could end up damaging the U.S. economic expansion rather than accomplishing the administration’s stated goal of lowering trade barriers.

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