Who could Trump choose as Treasury Secretary?

President-elect Trump will return to the White House after his victory over Vice President Kamala Harris in January’s presidential election and will soon begin putting forward nominations for key positions in his Cabinet.

Trump’s selection of him Finance Minister will be important to his economic agenda as he leads negotiations with Congress and foreign governments and conducts business at the Treasury Department and subagencies such as the Internal Revenue Service (IRS).

During Trump’s first term, Steven Mnuchin served as treasury secretary for the four-year term after being confirmed by a vote of 53-47 just weeks after Trump’s inauguration. He came to the job with a background in investment banking and film production and was a prominent fundraiser for the 2016 Trump campaign.

Trump’s nominee for treasury secretary will also have to go through the Senate confirmation process, which is supported by a Republican majority, although it is currently unclear how large the majority and scope Republican senators will have to oppose the nominee. Here’s a look at some of the figures who have been mentioned as potential candidates for finance minister.

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Jamie Dimon

CEO of JPMorgan Chase Jamie Dimon has been viewed as a potential candidate for treasury secretary by both Republican and Democratic administrations, although it is uncertain whether he would accept the job if an offer was extended.

Dimon was a vocal opponent of “Loadsome.” Financial regulations and would likely seek to alleviate these if he joined the new Trump administration. However, The New York Times reported last month that Dimon had said privately that he favored Harris for president and opposed Trump’s actions after his defeat in the 2020 election.

Dimon and JPMorgan Chase are in the process of formulating one Succession planning in case he decides to retire. While Dimon, 68, has not yet set a date for his retirement from the bank, he has previously indicated it will likely take less than five years and possibly as long as two and a half years.

JPMorgan Chase CEO Jamie Dimon has been mentioned as a potential candidate for Treasury secretary, although it is unclear whether he would accept the role. (Victor J. Blue/Bloomberg via Getty Images / Getty Images)

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Scott Bessent

Scott Bessent, the founder of Investment firm The Key Square Group, which previously taught at Yale University, was a key adviser to Trump’s campaign. He has long supported the economic policies that formed the Republican Party’s platform before Trump’s rise, but also supported Trump’s use of tariffs in trade negotiations.

At a Manhattan Institute event earlier this year, he suggested that Trump pursue a three-point plan that would target 3% economic growth, reduce the deficit to 3% of U.S. gross domestic product and increase domestic energy production by 3% Million barrels of oil per day.

The investment firm’s founder, Scott Bessent, was a key economic adviser to Trump’s campaign. (Vincent Alban/Bloomberg via Getty Images / Getty Images)

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John Paulson

John Paulson, a billionaire hedge fund manager and major donor to Trump’s campaign, is another leading candidate for treasury secretary and has reportedly told his staff that he would be interested in the job.

Paulson is a long-time advocate of Tax cuts and deregulation and has also supported targeted tariffs as a way to ensure national security and combat unfair trade practices abroad. Earlier this year, Paulson hosted a high-profile fundraiser that raised over $50 million for Trump’s campaign.

Billionaire hedge fund founder John Paulson was a prominent supporter of the Trump campaign. (John Lamparski/Getty Images/Getty Images)

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Robert Lighthizer

Robert Lighthizer acted as Trumps US Trade Representative for much of the president-elect’s first term and could join the administration for Trump’s second term. He is a staunch supporter of tariffs and also shares Trump’s skepticism about trade.

During Trump’s first term, Lighthizer was a prominent figure in Trump’s trade war with China and played a key role in the renegotiation of the North American Free Trade Agreement (NAFTA) and its replacement with the North American Free Trade Agreement Agreement between the USA, Mexico and Canada (USMCA).

Robert Lighthizer served as U.S. trade representative in Trump’s first term. (Win McNamee/Getty Images / Getty Images)

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Reuters contributed to this report.