$BTC The Trump administration of the Department of the Treasury, led by Secretary Steven Mnuchin, implemented several key policies with significant economic impacts. These included:
1. *Tax Cuts and Jobs Act (2017)*: Reduced corporate tax rates from 35% to 21% and lowered individual income taxes to stimulate economic growth.
2. *Trade policies*: Imposed tariffs on goods from China and other countries to reduce trade imbalances and promote domestic manufacturing.
3. *Fight against 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 support for small businesses through the Paycheck Protection Program (PPP).
5. *Deregulation*: Sought to reduce regulatory burdens on financial institutions and businesses.