Commerce Secretary Howard Lutnick is building an investment accelerator inside the agency, though his hardball tactics with companies are raising concern.
Stephen Miran, a top economic adviser to the president, has said he intends to take a leave of absence if confirmed, heightening fears about the central bank's independence.
Commerce Secretary Howard Lutnick has been putting the squeeze on companies and trading partners in an unusual effort to raise revenue and expand the president's role over the economy.
Many American companies have had to shoulder at least some of the costs of tariffs, biting into earnings the same way a corporate tax increase would, analysts say.
Behind the scenes, major pharmaceutical companies and Trump-tied billionaires are furiously lobbying in opposite directions over proposed anti-China measures.