Trump picks pro-tariff billionaire Scott Bessent for treasury secretary

Hedge fund founder says countries like China have exploited U.S. openness

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Key Square Group founder Scott Bessent speaks at a campaign event for Donald Trump in North Carolina in August. © Reuters

JACK STONE TRUITT, Nikkei staff writer

NEW YORK -- U.S. President-elect Donald Trump on Friday named hedge fund manager Scott Bessent as his choice for treasury secretary.

"Scott is widely respected as one of the World's foremost International Investors and Geopolitical and Economic Strategists," Trump wrote in a statement. "Scott's story is that of the American Dream."

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