{video} Treasury Secretary Opens a New Window. Steven Mnuchin said Sunday the Trump administration doesn’t see a recession in the near future and that a large portion of tariffs Opens a New Window. in the escalating trade war will be paid for by China Opens a New Window. . “We don’t see a recession on the horizon,” Mnuchin said during an exclusive interview on “Fox News Sunday.” “I don’t think the yield curve reflects a recession. I think the yield curve reflects the fact that it anticipates the Fed is going to lower short-term rates.” Mnuchin, speaking from the G-7 in France Opens a New Window. , said despite gr ... (full story)