Sources: Trump will narrow down the candidates for Treasury Secretary this week, favoring those with Wall Street backgrounds

ChainCatcher news, according to sources, Trump plans to narrow down the list of candidates for U.S. Treasury Secretary this week and is inclined to appoint someone with a Wall Street background for the position. The list of Treasury Secretary candidates includes Cantor Fitzgerald CEO Howard Lutnick, hedge fund billionaire John Paulson, former George Soros fund manager Scott Bessent, and Virginia Governor and former Carlyle Group executive Glenn Youngkin.

Sources say Bessent met with Trump at Mar-a-Lago on Friday, but this meeting was not an interview for the Treasury position. Insiders revealed 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 they will follow this advice.

Robert Lighthizer, the U.S. Trade Representative during Trump's first term and the architect of the comprehensive tariff proposal, is also a candidate for Treasury Secretary. Those familiar with the matter say Lighthizer has begun formulating tariff plans involving China and the European Union, and he could ultimately hold a broad position in the White House overseeing the government's trade policy.