It was odd to hear for me and everyone else in the room. The words that emanated from Treasury Secretary Mnuchin at the 2017 IMF and World Bank Spring Meetings would have made you think you might have been listening to James Baker or Timothy Geithner, not the chief financier of a three-month old government headed by an avowed protectionist. “President Trump’s agenda is to make sure we have free and fair trade,” adding that “the United States is probably the most open trading market there is.”

What a difference a year makes I guess.