Trump meets with NATO secretary common; hedge fund supervisor Scott Bessent tapped to guide treasury: Live

Donald Trump is expected to select Brooke Rollins, a former Trump administration policy adviser, to lead the Agriculture Department, according to reporting by The Wall Street Journal, which cited people familiar with the matter.

Per the Journal:

Rollins is the president of the America First Policy Institute, a group led by former Trump administration officials that spent months planning for a potential second term. An ally of Jared Kushner, Trump’s son-in-law, Rollins was once considered a contender to be White House chief of staff. But Susie Wiles, who helped run Trump’s campaign, was chosen for that role.

During Trump’s first term, Rollins led the Domestic Policy Council. A Texas native, she previously ran the Texas Public Policy Foundation, a conservative-leaning think tank.

If confirmed, Rollins would likely play a role in discussions about Trump’s plans for sweeping tariffs on U.S. imports, which could affect American farmers.

There was earlier speculation that the department could be led by former Georgia senator and businesswoman Kelly Loeffler.

Rollins has a degree in agriculture development and grew up on a farm.

If confirmed, Rollins would lead a 100,000-person agency with offices in every county in the country, whose remit includes farm and nutrition programs, forestry, home and farm lending, food safety, rural development, agricultural research, trade and more. It had a budget of $437.2 billion in 2024.

With reporting from Reuters

Gustaf Kilander reports from Washington, D.C.

He views tariffs as a sanctions tool

Trump on the campaign trail proposed a 60% tariff on goods from China — and a tariff of up to 20% on everything else the United States imports. Mainstream economists are generally skeptical of tariffs, considering them a mostly inefficient way for governments to raise money and promote prosperity.

Bessent told Bloomberg in August that he views tariffs as a “one time price adjustment” and “not inflationary,” and tariffs imposed during a second Trump administration would be directed primarily at China. “I think that tariffs in a way can be regarded as an economic sanction without a sanction. If you don’t like Chinese economic policy, flooding the market with over production, you could put a sanction on them, or a tariff. Its also an answer to currency manipulation.”

And he wrote in a Fox News op-ed this week that tariffs are “a useful tool for achieving the president’s foreign policy objectives. Whether it is getting allies to spend more on their own defense, opening foreign markets to U.S. exports, securing cooperation on ending illegal immigration and interdicting fentanyl trafficking, or deterring military aggression, tariffs can play a central role.”

He told CNBC that “I would recommend that tariffs be layered in gradually.”

He would be the first openly gay treasury secretary

If confirmed to the role, he would also be the first openly LGBTQ Senate-confirmed cabinet member in a Republican administration.

In 2020, Trump named Richard Grenell, who is openly gay, acting director of national intelligence. However, the role was not subject to Senate confirmation.

In 2015, Bessent told the Yale Alumni Magazine: “If you had told me in 1984, when we graduated, and people were dying of AIDS, that 30 years later I’d be legally married and we would have two children via surrogacy, I wouldn’t have believed you.”

Pete Buttigieg is the first openly LGBT Senate-confirmed Cabinet member, nominated by President Joe Biden to lead the transportation department.

President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary.

Bessent is a past supporter of Democrats who has become an enthusiastic supporter of Trump. He’s an advocate of cutting spending while extending the tax cuts approved by Congress in Trump’s first term.

Here are four things to know about the South Carolina billionaire who, if confirmed by the Senate, will manage the nation’s finances:

He worked for George Soros and donated to Democratic causes

Before becoming a Trump donor and adviser, Bessent donated to various Democratic causes in the early 2000s, notably Al Gore’s presidential run. He also worked for George Soros, a major supporter of Democrats.

Bessent had an influential role in Soros’ London investment operations, including his famous 1992 bet against the pound, which generated huge profits on “Black Wednesday,” when the pound was de-linked from European currencies.

He worked for George Soros and donated to Democratic causes

Before becoming a Trump donor and adviser, Bessent donated to various Democratic causes in the early 2000s, notably Al Gore’s presidential run. He also worked for George Soros, a major supporter of Democrats.

Bessent had an influential role in Soros’ London investment operations, including his famous 1992 bet against the pound, which generated huge profits on “Black Wednesday,” when the pound was de-linked from European currencies.

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Eric Garcia writes:

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Now that Matt Gaetz is no longer a congressman and will not be the next attorney general of the United States, what does the future hold for the MAGA firebrand?

Well, in the grand tradition of other famed Republicans who have fallen from grace, such as convicted felon George Santos or one-time America’s Mayor Rudy Giuliani, the former Florida congressman has joined Cameo.

When reached for comment, Gaetz confirmed that he had indeed created a profile on the site. “I have joined cameo. I hope to bring people joy,” he said in a text to The Independent.

Justin Barangoa has the details.

“I’m glad that if it was going to happen, it happened on the King holiday, because Dr King is still speaking to us,” she told The Independent. She sees the January 20 event as a wake-up call for the country and an opportunity to stand up to the incoming administration’s charged agenda items.

Michelle Del Rey reports.

Gustaf Kilander reports.

Jon Sopel writes:

We’ve all been there. That infatuation moment. That time at the outset of a relationship when you can’t think about anyone else, don’t want to be with anyone else. Every minute without them is a minute wasted; where you find yourself engaging in their hobbies because if they love them, so must you, too.

And broadly speaking, that is where we are in that most unlikely of bromances: that of Elon and Don.

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