Official announcements from the U.S. Treasury Department or major financial news outlets

Trump Seeks Tariff Commitment from Treasury Secretary, Names Fossil Fuel Executive as Energy Secretary

Nov 17, 2024, 06:06 PM

Former President Donald Trump, who secured a significant victory in the recent election, is preparing for his second term. He has reportedly sought a commitment from his prospective Treasury Secretary to implement strict tariffs, according to the Financial Times. This move signals Trump's intent to continue his protectionist trade policies. Additionally, Trump has named Chris Wright, a fossil fuel executive and campaign donor, as his choice for Energy Secretary. Wright, the founder of an oilfield services company, will lead the Energy Department in Trump's upcoming administration.