Mnuchin says Trump tariff threat 'not going into action,' sees TPP as a framework for NAFTA changes

President-elect Trump's pick to lead the Treasury Department, Steven Mnuchin, told the Senate Finance Committee during his confirmation hearing Thursday that Trump's threat to impose a hefty tariff on products from Mexico and other countries will not become reality – but instead said repercussions for companies that offshore their operations will be “looked at.” Despite the incoming president's stance on multilateral deals – the Trans-Pacific Partnership in particular – Mnuchin said the outcomes achieved in TPP negotiations should be the...