$BTC The Trump administration's Treasury Department, led by Secretary Steven Mnuchin, implemented several key policies with significant economic impacts. These included:
1. *Tax Cuts and Jobs Act (2017)*: Lowered corporate tax rates from 35% to 21% and reduced individual income taxes to spur economic growth.
2. *Trade policies*: Imposed tariffs on goods from China and other countries to reduce trade imbalances and promote domestic manufacturing.
3. *Combating illicit finance*: Implemented sanctions and efforts to prevent financial crimes.
4. *COVID-19 relief*: Played a crucial role in implementing economic relief measures, including the CARES Act, direct payments, and supporting small businesses through the Paycheck Protection Program (PPP).
5. *Deregulation*: Aimed to reduce regulatory burdens on financial institutions and businesses.
These policies had both supporters and critics, with some arguing they boosted economic growth and others pointing to increased national debt and budget deficits.