Steven Mnuchin: Not Returning to Trump's Team, But Offers Advice

Former U. S. Treasury Secretary Steven Mnuchin has made it clear that he won't be a part of President-elect Trump's new administration. However, he's eager to share his insights with whoever takes over his old role. Mnuchin feels strongly about maintaining and improving the United States' trade policies, especially when it comes to holding China accountable for their 2020 trade deal promises. Serving in Trump's first term was an unforgettable experience for Mnuchin. He's happy to offer advice from the outside, focusing on strategies to strengthen sanctions against Russia and Iran, and managing the nation's debt. According to Reuters, two well-known hedge fund investors – Scott Bessent and John Paulson – are top contenders for the Treasury Secretary position. Bessent has already met with Trump. Mnuchin didn't name his preferred candidate for the role but is confident that Trump's team will have many strong options. As the new administration takes shape, with just 70 days left until Trump's inauguration, key appointments are being made. These include Representative Elise Stefanik (R-N. Y. ) as the potential U. N. ambassador, former ICE Director Tom Homan as the "border czar, " and Susie Wiles as the new chief of staff. Mnuchin's decision not to return to the administration adds an interesting layer to the dynamics of the new team. His offer to advise from the outside suggests a continued influence in shaping financial policy without the pressures of an official role.