Mnuchin: Overall US economy not harmed by trade battles

Mnuchin: Overall US economy not harmed by trade battles
U.S. Treasury Secretary Steven Mnuchin attends a press gaggle with reporters in Buenos Aires, Argentina, Saturday, July 21, 2018. Mnuchin said Saturday that Donald Trump was not trying to put pressure on the Federal Reserve when he criticized its decision to raise interest rates. (AP Photo/Victor R. Caivano)

BUENOS AIRES, Argentina (AP) — U.S. Treasury Secretary Steven Mnuchin says the overall U.S. economy has not been harmed by the trade battles set off by President Donald Trump’s get-tough policies although some individual sectors have been hurt. He says the administration was exploring ways to help farmers and other specific industries that have been affected.

Mnuchin spoke to reporters Saturday on the sidelines of meetings of finance ministers and central bank presidents from the Group of 20 nations, composed of traditional economic powers such as the United States, Japan and Germany and emerging economic powers including China, Brazil, India and Argentina.

Mnuchin said that there had not been an adverse effect on overall growth from the tariffs but that certain industries were being harmed because other countries were retaliating by targeting specific industries.