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Trump Needs a Pick Who Loves Tariffs Yet Calms Markets

November 19, 2024 · 2:00 pm ET · Leave a Comment

“The conflicting goals of President-elect Donald Trump’s economic agenda have been playing out as he debates who to choose as his Treasury secretary, a job that will entail steering tax cuts through Congress, leading trade talks with China and overseeing the $30 trillion U.S. bond market,” the New York Times reports.

“Budget experts have warned that his plans could add as much as $15 trillion to the national debt while increasing inflation and slowing growth. But Mr. Trump is not in the market for a naysayer. After a first term in which some of his top economic aides tried to tame his protectionist impulses, Mr. Trump is seeking a Treasury secretary who will carry out his unconventional plans while still having the credibility to keep markets buoyant.”

“That mix of qualities is not easy to find.”

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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