Speculation over Donald Trump’s US treasury pick reveals divergent views in transition

Divisions among US president-elect Donald Trump’s advisers over who will get key economic roles in the new administration dominated coverage of the transition on Monday, highlighting concern over tariffs, a central issue in US-China relations.

The leading contenders for US treasury secretary include billionaire Cantor Fitzgerald CEO Howard Lutnick and hedge-fund manager Scott Bessent. However, names like former Federal Reserve governor Kevin Warsh and Marc Rowan, another billionaire financier, have also been floated of late.

Meanwhile, an influential think tank has endorsed Trump’s former trade chief Robert Lighthizer for the job, following earlier speculation that Lighthizer had been tapped to reprise his role as US trade representative.

Trump is expected to meet the new candidates at his private Florida mansion Mar-a-Lago this week as his advisers and aides push their own favourites.

President-elect Donald Trump and Elon Musk watch a UFC fight in New York on November 17, 2024. Photo: Reuters

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