WASHINGTON—A trade offensive by President Donald Trump won’t have a “big impact on the economy,” Treasury Secretary Steven Mnuchin said Sunday, defending actions that spooked investors last week and contributed to U.S. stocks’ largest decline in two years. “I think what we are doing is long-term very good for the economy,” Mr. Mnuchin said in an interview on Fox News. He was responding to a question about the significant decline in the stock market after the administration announced actions against China that sparked fears...

Source: Wall Street Journal March 25, 2018 15:22 UTC