US President-elect Donald Trump announced, overnight (between Friday and Saturday), that billionaire Scott Besent has been appointed to the post of Treasury Secretary in his emerging administration. His appointment must be confirmed by the US Senate. “Scott is widely regarded as one of the world’s leading international investors, geopolitical and economic strategists. Scott’s story is the story of the American dream,” said Trump.
He said: “Scott will support my policies that will advance US competitiveness, end imbalances and unfair trade, and work to create an economy that puts growth first, especially through our emerging global energy leadership. Together, we will make America rich again, and prosperous again.” Another one, affordable again and most importantly good again.”
As previously reported, Besant, 62, was advising Trump on economic policy during the campaign. He is the founder of the hedge fund Key Square Capital Management, and before that, he was the chief investment officer of Soros Fund Management, a hedge fund founded by the Democratic donor George Soros. As part of his position, the Finance Minister is expected to play a key role in overseeing a broad portfolio that includes international trade, taxation, financial regulation and sanctions. SA.
Besant held an early fundraiser at the presidential primary in South Carolina, when Trump was still battling Nikki Haley in his home state, and appeared at events throughout his campaign. Additionally, he defended Trump’s trade rhetoric, but seemed less likely to implement some of the higher tariffs Trump has promised on other countries. He also called for the return of government aid, liberalizing the economy, and more domestic energy production.
Unlike many on Wall Street, Bescent also defended the use of taxes, which are Trump’s favorite economic tool. The economic philosophy of the hedge fund manager aims to close the traditional conservatism of the free market with the Trump republic. He defended Trump’s repeated threat to raise tariffs against claims that the move was intended to improve relations with US allies and raise prices for consumers. According to the elected Minister, this is a tool for trade negotiations and a way to increase government revenue.
In addition, he will also be responsible for managing the administration’s sanctions policy, including sanctions imposed on Russia for its aggression against Ukraine. In an interview with the Financial Times in October, Besant described tariffs as the “highest” risk that could be mitigated during talks with trading partners. He also denied that the Trump administration would devalue the US dollar.
Ukrainian soldiers in Russia Roman PILIPEY/AFP
Meanwhile, Reuters reported that the president-elect is considering appointing Richard Grenell, his former intelligence chief and former ambassador to Germany, to be the administration’s special envoy for the war between Russia and Ukraine, according to four sources familiar with the transfer plans. There is currently no official ambassador to solve the problem, so he is seriously considering making the appointment.
As you may remember, during their Bloomberg roundtable last July, Grenell said that he supports the creation of “independent regions” as a way to resolve the conflict, which began after the Russia to invade the territory of Ukraine. He also indicated that he would not support Ukraine joining NATO in the near future, a position shared by many of Trump’s allies.
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2024-11-23 11:00:00
In light of Scott Besant’s stated willingness to utilize government intervention in the economy through measures like tariffs, how might this approach impact global trade agreements, particularly with allies like the European Union?
## World Today News Interview: Trump’s Treasury Secretary Pick and US-Russia Relations
**Introduction:**
Welcome to World Today News! We’re discussing two major developments concerning the incoming Trump administration: the appointment of billionaire Scott Besant as Treasury Secretary, and the potential appointment of Richard Grenell as special envoy for the Russia-Ukraine war. Joining us today are two esteemed guests: [Guest 1 Name and Credentials], and [Guest 2 Name and Credentials].
**Section 1: Scott Besant and Economic Policy**
* **Interviewer:** Mr. Besant’s economic philosophy seems to blend free market principles with a willingness to utilize government intervention through tools like tariffs. Can you both elaborate on the potential implications of this approach?
* **Further probing questions:**
* How might this approach differ from traditional Republican economic policy?
* What are the potential benefits and drawbacks of using tariffs as a trade negotiation tool?
* How might this philosophy impact key areas like international trade, taxation, and financial regulation?
**Section 2: Besant’s Experience and Influence**
* **Interviewer:** Mr. Besant has a long history in finance, advising both Democratic and Republican figures. How might his experience shape his tenure as Treasury Secretary?
* **Further probing questions:**
* To what extent will his Wall Street background influence his approach to economic issues?
* How can we expect his past criticisms of traditionally free market approaches to manifest in his policies?
* Will his previous support for Trump’s trade rhetoric translate into concrete policy actions?
**Section 3: US-Russia Relations and the Ukraine Conflict**
* **Interviewer:** The possibility of Richard Grenell being appointed as special envoy for the Russia-Ukraine war raises significant questions. What are your thoughts on this potential appointment, given his past statements on the conflict?
* **Further probing questions:**
* How might Grenell’s viewpoints on “independent regions” and NATO expansion influence US policy towards Ukraine?
* What are the potential implications of having an individual with these views leading US efforts in this conflict?
* What alternative approaches could the incoming administration consider to address the situation in Ukraine?
**Section 4: Looking Ahead**
* **Interviewer:** Considering these developments, what are your predictions for the economic and geopolitical landscape under the Trump administration?
* **Further probing questions:**
* How might Besant’s appointment and Grenell’s potential appointment impact US relationships with allies and adversaries alike?
* What are the major challenges and opportunities facing the United States in the coming years?
* What advice would you give to the incoming administration regarding these complex issues?
**Conclusion:**
Thank you to our guests for their insightful perspectives on these crucial issues. As the world waits to see how these appointments play out, one thing is clear: the incoming Trump administration is poised to make waves on both the economic and geopolitical fronts.
Remember to tailor the questions to your guests’ expertise and encourage them to offer diverse viewpoints. This structure allows for in-depth discussion on the key themes presented in the article
