8 sources·Politics

Trump Expands Treasury Secretary Search Amid Frontrunners' Tensions

President-elect Trump's selection for Treasury Secretary reflects differing views on tariffs as economic priorities collide.

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Updated: Nov 18th, 2024, 7:49 PM ET

Summary

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President-elect Donald Trump is widening his search for a Treasury Secretary amid rising tensions between frontrunners Scott Bessent and Howard Lutnick, alongside new contenders Marc Rowan and Kevin Warsh. This critical pick will shape Trump's economic agenda, especially regarding tariff policies, as candidates present varying stances on their implementation. Lutnick positions himself as a reform candidate with Musk's support, while Bessent advocates for tariffs as negotiating tools. The uncertainty surrounding Trump's economic strategy raises questions about the potential impact of tariffs on inflation and stock markets. Rumors suggest Lutnick's influence within the transition process may be causing friction.

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