Mnuchin Gets Win With New Stance on China

The Trump administration is taking a softer approach to trade, opting for legislative measures to expand the Committee on Foreign Investment in the United States (CFIUS) rather than harsher economic actions. This decision, supported by Treasury Secretary Steven Mnuchin, aims to protect U.S. technology from foreign threats, particularly from China. The market views this as a more conciliatory move. The administration is working to pass related legislation, while internal dynamics within the White House continue to influence policy directions.

How did Treasury Secretary Steven Mnuchin influence the administration's approach to trade negotiations?

What potential economic consequences did the President threaten regarding tariffs on China?