The nomination of the new U.S. Treasury Secretary is expected to be announced as early as this week, with competition heating up.

Scott Bessent, the founder of Key Square Group LP, praised Trump's economic agenda, believing it will stimulate economic growth across various sectors. The competition for Trump's second Secretary of the Treasury has entered the public eye, with Howard Lutnick, Robert Lighthizer, and Jay Clayton mentioned as potential candidates. According to informed sources, Lutnick is opposing Bessent, claiming that he has a weak stance on key protectionist commitments. It is reported that the nomination for the new U.S. Secretary of the Treasury may be announced as early as this week.