Trump's treasury pick: 'No across-the-board border tax'

Senate grills Treasury pick on foreclosure record

Senate grills Treasury pick on foreclosure record

Donald Trump’s choice for treasury secretary, Steven Mnuchin, said Thursday that the incoming Trump administration doesn’t plan to quickly impose an across the board 35% tax on items manufactured in other countries.

Trump has pledged repeatedly to levy a border tax on items such as cars that are manufactured in Mexico and sold in the U.S., in an effort to keep jobs from leaving the country.

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Economic news – CNNMoney.com

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