Trump Appoints New Economic Team Leaders

President-elect Donald Trump has announced key appointments for his economic team, including Scott Bessent as Treasury Secretary and Jamieson Greer as U.S. trade representative. Bessent, a seasoned Wall Street veteran, is recognized for his hawkish views on tariffs, particularly against China, and has garnered positive reactions from financial markets anticipating a stable economic approach. Greer, who has experience in implementing tariffs during Trump's first term, is expected to play a crucial role in negotiating trade deals and maintaining U.S. manufacturing jobs. The selections reflect Trump's strategy to bolster public confidence in the economy amidst ongoing trade tensions and his commitment to protectionist policies. Additionally, Kevin Hassett will lead the National Economic Council, emphasizing corporate tax cuts. Overall, the new economic team signals a focus on traditional economic strategies, potentially easing investor concerns about radical shifts in policy.