In choosing Scott Bessent to be Treasury secretary and Howard Lutnick as Commerce Secretary, Mr. Trump put the top economic roles in his administration in the hands of billionaires who hail from Wall Street. The addition of Mr. Navarro to his economic team will ensure that Mr. Trump’s populist promises will have a voice in his White House.

U.S. President-elect Donald Trump said on Wednesday he had picked Peter Navarro to be senior counselor for trade and manufacturing. "During my First Term, few were more effective or tenacious than Peter in enforcing my two sacred rules,

Navarro’s elevation signals that Trump is serious about moving forward with the steep tariffs he promised during the presidential campaign.