President-elect Donald J. Trump has assembled a new economic team for his second term, consisting of Wall Street executives and experts who align with his agenda of cutting taxes, imposing tariffs, and slashing regulations. The team includes Scott Bessent, a former Democratic donor and hedge fund manager, nominated for Treasury Secretary, and Howard Lutnick, a Wall Street trader appointed as Commerce Secretary with authority over trade policy. Both advisers support Mr. Trump’s protectionist trade approach, signaling a shift towards a more cohesive economic strategy in his administration.
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