Trump picks "dream team" players, outlines policies

Xinhua News Agency

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U.S. President-elect Donald Trump is expected to name a former banker and a billionaire investor as his nominees for treasury secretary and commerce secretary respectively, and a fierce Obamacare critic to hold the post of health and human services secretary, media reported Tuesday.

Three weeks after winning the U.S. presidential election, what the president-elect has said and done are gradually outlining his administration's policies, both domestically and abroad.

"Dream team"

Steven Mnuchin, a former Goldman Sachs partner and Hollywood financier, is expected to be nominated as Treasury secretary by Trump, a source told Reuters. As a Wall Street veteran, Mnuchin has also served as Trump's campaign finance chairman.

Billionaire investor Wilbur Ross is expected to be named commerce secretary.

The announcements could come as early as Wednesday, the report said.

It also said that without governing experience, Trump, a New York real estate billionaire, is rewarding loyalists and established Washington veterans in "the flurry of picks" as he fills top jobs for his administration.

Trump is set to take office on Jan. 20.

On Tuesday, Trump nominated Chinese-American Elaine Chao as the secretary of transportation, who is set to play a key role in fulfilling Trump's election promise of overhauling U.S. transportation infrastructure.

According to Trump's transition website, he plans to invest 550 billion U.S. dollars to "build the roads, highways, bridges, tunnels, airports, and railways of tomorrow."

Trump is also considering making either former CIA Director David Petraeus, 2012 Republican presidential nominee Mitt Romney or former New York Mayor Rudolph Giuliani secretary of state, according to media reports.

Also on Tuesday, Trump chose Tom Price, a six-term Republican congressman who firmly opposes President Barack Obama's health care law, to be secretary of health and human services.

Price "is exceptionally qualified to shepherd our commitment to repeal and replace Obamacare and bring affordable and accessible health care to every American," Trump said in an announcement.

Plans in office

During the campaign, Trump promised to overhaul Obamacare, which he has listed as his top priority once he takes office.

However, after winning the election, Trump seems to have moved somewhat away from a full repeal, saying he would favor keeping some parts of the law, including the plank barring insurers from denying coverage based on preexisting conditions and the provision of the law that allows children to stay on their parents' health plans until the age of 26.

Earlier this month, Trump unveiled his first 100-day plan in office, which is topped by withdrawing from the Trans-Pacific Partnership (TPP) and creating jobs.

"I'm going to issue a notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country," Trump said.

"Instead, we'll negotiate fair bilateral trade deals that bring jobs and industry onto American shores," he added.

Rebuilding the U.S. middle class is a priority of his new policies, Trump said.

Other initiatives boosting job numbers include loosening regulations on the energy sector.

Political reform is also high on the agenda, with Trump having pledged to "drain the swamp" in Washington.

On foreign policy, Trump's remarks on U.S.-Cuba ties have highlighted the speculations on American foreign policy under the new administration.

On Monday, Trump tweeted that he might "terminate" the thaw in U.S.-Cuba relations initiated by Obama.

"If Cuba is unwilling to make a better deal for the Cuban people, the Cuban/American people and the U.S. as a whole, I will terminate deal," he said.

During his campaign, Trump derided Obama's new Cuba policy as "weak," and said he would pursue a "better deal" that benefits Washington.

However, U.S. media reported that Trump's aides said that nothing on Cuba has been decided. (APD)