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Sources: Trump to narrow Treasury secretary picks this week

According to sources, Trump plans to narrow down the list of candidates for US Treasury Secretary this week and is inclined to appoint someone with a Wall Street background to the position. The list of candidates for Treasury Secretary includes Howard Lutnick, CEO of Cantor Fitzgerald, billionaire hedge fund manager John Paulson, former George Soros Fund manager Scott Bessent, and Glenn Youngkin, former executive at Carlyle Group and current Governor of Virginia. Sources say that Bessent met with Trump at the Lake House on Friday, but it was not an interview for the Treasury Secretary position. Insiders say that Trump's Wall Street allies are urging 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 recommendation. Robert Lighthizer, the US Trade Representative and designer of the comprehensive tariff proposal in Trump's first term, is also one of the candidates for Treasury Secretary. Insiders say that Lighthizer has already begun to develop tariff plans involving China and the EU, and he may eventually hold a broad position in the White House overseeing the government's trade policy.

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