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Treasury Struggles to Keep Staff in Unit at Heart of Trade War

  • International affairs office has lost about 20 career staffers
  • Departures come as Trump escalates trade tensions abroad
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The trade spat could have serious consequences for the U.S., according to Mary Lovely of the Peterson Institute.(Source: Bloomberg)

About 20 career staff have quit the U.S. Treasury Department’s international affairs unit in less than a year, draining resources from a key office in the Trump administration’s escalating trade battles with China and Europe.

The wave of departures began in September, shortly after David Malpass -- a champion of President Donald Trump’s protectionist message -- took over the division. The unit employed about 200 people at the end of the Barack Obama administration.