Steve Mnuchin in The Economist


On Free Trade: Protectionist instinct to label China a currency manipulator

One of Mnuchin's challenges will be to live up to Trump's promises on trade. Mnuchin is thought to share his boss's protectionist instincts. He will determine trade policy alongside Wilbur Ross, Trump's nominee for commerce secretary. Ross is a vocal critic of recent trade deals. At the commerce department, he will oversee trade enforcement, such as the imposition of tariffs. At the Treasury, Mnuchin will have such responsibilities as declaring China a currency manipulator.
Source: The Economist newsmagazine coverage of 2016 Trump transition Dec 3, 2016

On Tax Reform: No net tax cut for the highest earners

Mnuchin's first main challenge will be to get Trump's fiscal policy straight. During the campaign Trump proposed tax cuts that would, according to the Tax Foundation, a right-leaning think-tank, give the top 1% of earners a tax cut worth, on average, 12%-20% of their incomes. But Mnuchin told CNBC that there would be no net tax cut for the highest earners.
Source: The Economist newsmagazine coverage of 2016 Trump transition Dec 3, 2016

On Technology: Infrastructure bank to fund federal projects

Before the election Trump criticised his opponent's plan for an infrastructure bank "controlled by politicians and bureaucrats" and proposed using tax credits to encourage private investment instead. Yet Mnuchin suggested in mid-November that the incoming administration is looking at starting an infrastructure bank after all.
Source: The Economist newsmagazine coverage of 2016 Trump transition Dec 3, 2016

The above quotations are from Columns and news articles in The Economist magazine.
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