The Trump team supports Kevin Warsh for US Treasury Secretary, discussions are still ongoing

BlockBeats News, November 19th, the Trump team supports Kevin Warsh as the US Treasury Secretary, and discussions are still ongoing. (Xinhua Finance)

BlockBeats previously reported that Trump intends to narrow down the list of US Treasury Secretary candidates this week and is inclined to have someone with a Wall Street background in this position. The list of Treasury Secretary candidates includes Jefferies Financial Group CEO Howard Lutnick, hedge fund billionaire John Paulson, former George Soros Fund manager Scott Bessent, and Virginia Governor and former Carlyle Group executive Glenn Youngkin.

Sources familiar with the matter revealed that Trump's Wall Street allies urged him to appoint someone with a deep understanding of the financial industry as Treasury Secretary, and the Trump team has indicated that they will follow this advice. Robert Lighthizer, who served as the US Trade Representative during Trump's first term and designed the comprehensive tariff proposal, is also one of the Treasury Secretary candidates. Insiders say that Lighthizer has begun to develop tariff plans involving China and the EU and may eventually take on a broad role within the White House overseeing the entire government's trade policy.