As part of

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of P ...

2016 presidential campaign This national electoral calendar for 2016 lists the national/ federal elections held in 2016 in all sovereign states and their dependent territories. By-elections are excluded, though national referendums are included. January *7 January: Kiri ...

, various

economists An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

and

businesspeople A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for the ...

have served both in a formal and an informal capacity, to advise Trump on macroeconomics and associated

government policy Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs. Public p ...

decisions. During the transition to the

presidency A presidency is an administration or the executive, the collective administrative and governmental entity that exists around an office of president of a state or nation. Although often the executive branch of government, and often personified b ...

, Trump gained additional advisors, and after the inauguration some of his advisors will officially become part of the

Trump administration Donald Trump's tenure as the 45th president of the United States began with his inauguration on January 20, 2017, and ended on January 20, 2021. Trump, a Republican from New York City, took office following his Electoral College victory ...

(including the

NEC is a Japanese multinational information technology and electronics corporation, headquartered in Minato, Tokyo. The company was known as the Nippon Electric Company, Limited, before rebranding in 1983 as NEC. It provides IT and network soluti ...

, NTC, advisors, czars, counselors, OMB, CEA,

Treasury A treasury is either *A government department related to finance and taxation, a finance ministry. *A place or location where treasure, such as currency or precious items are kept. These can be state or royal property, church treasure or i ...

Commerce Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, nation ...

USTR The Office of the United States Trade Representative (USTR) is an agency of the United States federal government responsible for developing and promoting American trade policy. Part of the Executive Office of the President, it is headed by the ...

, SBA, SEC, and the Fed) while others will remain in the

private sector The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The ...

as informal advisors with varying degrees of influence.

Background

During his presidential campaign

Trump released initial details of his economic policies when his campaign officially began in June 2015, and more details during the first Republican debates which began in August 2015. Although critical of certain aspects of Trump's early economic plans, especially increasing

tariff A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and pol ...

s as opposed to

free trade Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold econ ...

policies,

Larry Kudlow Lawrence Alan Kudlow (born August 20, 1947) is an American conservative television personality and financial program host for the Fox network who served as the Director of the National Economic Council during the Trump Administration from 2018 ...

and Steve Moore would eventually agree to join the Trump campaign as advisors. Although most presidential candidates had announced a team of formal economic advisors by October 2015, at the time Trump still primarily relied upon his business background to inform his economic plan (

Carly Fiorina Cara Carleton "Carly" Fiorina (''née'' Sneed; born September 6, 1954) is an American businesswoman and politician, known primarily for her tenure as CEO of Hewlett-Packard (HP). As chief executive officer of HP from 1999 to 2005, Fiorina was ...

was the other candidate who relied primarily upon her own background in business in the early phases of the campaign). In addition to his own business expertise, Trump had a network of contacts that sometimes served as informal economic advisors during his campaign, including

Carl Icahn Carl Celian Icahn (; born February 16, 1936) is an American financier. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach. Icahn takes la ...

. Even as late as July 2016, however, Kudlow and Moore were still not official advisors, despite having already helped craft some of Trump's policy-positions related to taxation for instance.

During the general election

Trump released a list of his campaign's official economic advisers in August 2016, which was significantly anti-establishment and therefore included few people with any governmental experience, yet at the same time aimed to include some of the elites of business and finance, primarily people with well-known names. Although most of the names were new, existing Trump advisers David Malpass,

Peter Navarro Peter Kent Navarro (born July 15, 1949) is an American political figure who served in the Trump administration as the Assistant to the President, Director of Trade and Manufacturing Policy, and the national Defense Production Act policy coordina ...

, Stephen Moore, and Dan DiMicco were also on the list, formally led by Stephen Miller, the national policy director, and directly led by deputy policy director Dan Kowalski. The Trump'16 finance director Steven Mnuchin was also listed, and played a role in helping coordinate the group. Many of the names on the original list, or on the subsequent expansions thereof, received media attention as potential appointees to the presidential Council of Economic Advisers, or in other Trump administration roles. As of August 2016, Trump's economic advisors included: *

Tom Barrack Thomas Joseph Barrack Jr. (born April 28, 1947) is an American private equity real estate investor and the founder and executive chairman of Colony Capital, a publicly traded real estate investment trust (REIT). Barrack has for decades been a clos ...

, CEO of

Colony Capital DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, Digita ...

, inauguration chair, former

contender, major donor * Andy Beal, banker, billionaire, professional poker player, major donor *

Stephen Calk Stephen M. Calk (born 1964/1965) is the founder, former Chairman and CEO of The Federal Savings Bank, a federally chartered National Bank headquartered in Chicago, Illinois. He was an economic advisor to Donald Trump during the 2016 United St ...

, CEO of the Federal Savings Bank, officer and helicopter pilot in the

U.S. Army The United States Army (USA) is the land service branch of the United States Armed Forces. It is one of the eight U.S. uniformed services, and is designated as the Army of the United States in the U.S. Constitution.Article II, section 2, cl ...

* Dan DiMicco, former CEO of

Nucor Nucor Corporation is an American producer of steel and related products based in Charlotte, North Carolina. It is the largest steel producer in the United States, the largest "mini-mill" steelmaker (i.e. it uses electric arc furnaces to melt s ...

/ CEA/

contender * Steve Feinberg, CEO of

Cerberus Capital Cerberus Capital Management, L.P. is an American private equity firm,Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Quayle, Chairman, Cerberus Global Investments, LLC". specializing in distressed investing. ...

, major donor * Harold Hamm, oil and

gas Gas is one of the four fundamental states of matter (the others being solid, liquid, and plasma). A pure gas may be made up of individual atoms (e.g. a noble gas like neon), elemental molecules made from one type of atom (e.g. oxygen), or ...

industry, billionaire, former

Energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of hea ...

/ Interior contender * Kathleen Hartnett-White, former

EPA The Environmental Protection Agency (EPA) is an independent executive agency of the United States federal government tasked with environmental protection matters. President Richard Nixon proposed the establishment of EPA on July 9, 1970; it be ...

/ Interior contender, a director at the Texas Public Policy Foundation, former head of the

Texas Commission on Environmental Quality The Texas Commission on Environmental Quality (TCEQ) is the environmental agency for the state of Texas. The commission's headquarters are located at 12100 Park 35 Circle in Austin. The fourth largest environmental agency in the United States (an ...

Diane Hendricks Diane Marie Hendricks (née Smith; born 1947) is an American billionaire businesswoman and film producer from Wisconsin. She is the widow of the late businessman Ken Hendricks. Early life Hendricks was born and raised in Osseo, Wisconsin, the d ...

, chair of

ABC Supply ABC Supply Co., Inc. is a major, private American roofing supply company based in Beloit, Wisconsin. It also sells windows, gutters, and siding for residential and commercial buildings and is the largest roofing and vinyl siding wholesale di ...

, billionaire, originally backed Walker'16 * Darlene Jordan, former assistant attorney general of Massachusetts * Dan Kowalski, former deputy staff director for the

Senate Budget Committee The United States Senate Committee on the Budget was established by the Congressional Budget and Impoundment Control Act of 1974. It is responsible for drafting Congress's annual budget plan and monitoring action on the budget for the Federal G ...

2009- 2015 and

House Budget Committee The United States House Committee on the Budget, commonly known as the House Budget Committee, is a standing committee of the United States House of Representatives. Its responsibilities include legislative oversight of the federal budget process, ...

staffer

1998 1998 was designated as the ''International Year of the Ocean''. Events January * January 6 – The ''Lunar Prospector'' spacecraft is launched into orbit around the Moon, and later finds evidence for frozen water, in soil in permanently s ...

- 2007, co-lead of the Trump'16 economic advisers team, Trump'16 deputy director of policy, on the Trump OMB transition team *

Howard Lorber Howard Mark Lorber (born September 8, 1948) is an American businessman and investor. Early life and education Lorber was born to a American Jews, Jewish family in Bronx, New York, The Bronx, the son of Charles and Celia (née Benrubi) Lorber but ...

, CEO of

Vector Group Vector Group Ltd. is an American diversified holding company with two major businesses: Liggett Group LLC (tobacco) and New Valley LLC (real estate), including Douglas Elliman. Bennett S. LeBow founded Vector Group in 1986. Since then, he has ...

, major donor * David Malpass, Fed/ OMB/

contender *

Ted Malloch Theodore Roosevelt Malloch (born September 22, 1952) is an American author, consultant, and television producer. He was a professor at the Henley Business School of the University of Reading, England. He is chairman and chief executive officer of t ...

, author, consultant, and television producer *

Betsy McCaughey Elizabeth Helen McCaughey (; née Peterken; born October 20, 1948), formerly known as Betsy McCaughey Ross, is an American politician who was the Lieutenant Governor of New York from 1995 to 1998, during the first term of Governor George Pataki ...

, former Lieutenant Governor of New York, divorced spouse of

Wilbur Ross Wilbur Louis Ross Jr. (born November 28, 1937) is an American businessman who served as the 39th United States Secretary of Commerce from 2017 to 2021. A member of the Republican Party, Ross was previously chairman and chief executive officer ...

* Stephen Miller, Trump'16 director of policy, Sr. Advisor appointee * Steven Mnuchin, founder of hedge fund Dune Capital Management, former Goldman Sachs employee, Trump'16 finance chair, major donor,

-designate * Stephen Moore, founding president of the

Club for Growth The Club for Growth is a 501(c)(4) conservative organization active in the United States, with an agenda focused on cutting taxes and other economic policy issues. Club for Growth's largest funders are the billionaires Jeff Yass and Richard U ...

, CEA contender *

, business school professor at

UC-Irvine The University of California, Irvine (UCI or UC Irvine) is a public land-grant research university in Irvine, California. One of the ten campuses of the University of California system, UCI offers 87 undergraduate degrees and 129 graduate and pr ...

, CEA contender *

John Paulson John Alfred Paulson (born December 14, 1955) is an American billionaire hedge fund manager. He leads Paulson & Co., a New York-based investment management firm he founded in 1994. He has been called "one of the most prominent names in high fina ...

, CEO of investment firm Paulson & Co. * Brooke Rollins, CEO of Texas Public Policy Foundation, former deputy general counsel under Governor Rick Perry *

, billionaire investor,

-designate, divorced spouse of

* Steve Roth, chair of

Vornado Realty Trust Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan. Investments Notable properties owned by the ...

(although on the list of advisers in August 2016, Roth said in September 2016 he was no longer spending any time on the effort) *

Carla Sands Carla J. Sands (née Herd; born October 13, 1960) is an American businesswoman who is chair and CEO of Vintage Capital Group. During the Trump administration (2017–21) she was U.S. ambassador to Denmark. A former chiropractor, socialite, ...

, philanthropist and chair of Vintage Capital *

Anthony Scaramucci Anthony Scaramucci ( ; born January 6, 1964) is an American financier who briefly served as the White House Director of Communications from July 21 to July 31, 2017. Scaramucci worked at Goldman Sachs's investment banking, equities, and priv ...

, founder of

SkyBridge Capital SkyBridge Capital is a global investment firm based in New York City, United States. It is run by founder Anthony Scaramucci, Brett S. Messing, Raymond Nolte and Troy Gaveski. SkyBridge produces the SkyBridge Alternatives Conference, or "SALT" ...

, former Goldman Sachs employee * Judy Shelton, Fed Vice-Chair contender, possible future Fed Chair contender, former advisor to Carson'16, director of the Sound Money Project at the Atlas Network, economist with a

Ph.D A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...

in business administration from

University of Utah The University of Utah (U of U, UofU, or simply The U) is a public research university in Salt Lake City, Utah. It is the flagship institution of the Utah System of Higher Education. The university was established in 1850 as the University of De ...

, noted for her

1989 File:1989 Events Collage.png, From left, clockwise: The Cypress structure collapses as a result of the 1989 Loma Prieta earthquake, killing motorists below; The proposal document for the World Wide Web is submitted; The Exxon Valdez oil tanker runs ...

book '' The Coming Soviet Crash'' * Liz Uihlein, president of

Uline Uline is a privately held American company which offers shipping and other business supplies. It was founded in 1980 by Richard and Elizabeth Uihlein. It has more than 8,000 employees and is headquartered in Pleasant Prairie, Wisconsin. It has ...

Several of the advisors were major donors to Trump's presidential campaign. At first, only one of Trump's initial list of a dozen official advisors,

, had a PhD in economics. Although he had been in contact with Trump since 2011, Navarro had never met nor spoken with Trump directly in August 2016, but began to meet with Trump in person late in the 2016 campaign. A few days after Navarro was announced, Trump added Judy Shelton, an economist with a

in business administration to his team.

As
president-elect An ''officer-elect'' is a person who has been elected to a position but has not yet been installed. Notably, a president who has been elected but not yet installed would be referred to as a ''president-elect'' (e.g. president-elect of the Unit ...

As of December 2016, many of the advisors during the campaign listed above are under consideration for cabinet-level roles or other high-level roles in the

. (For instance, Navarro is a contender for the CEA chair, and Shelton is a contender for Fed Vice-Chair.)

Informal presidential advisors

In addition to his statutory advisory groups, Trump is also organizing efforts to directly communicate with business leaders.

Technology industry

Billionaire venture capitalist

Peter Thiel Peter Andreas Thiel (; born 11 October 1967) is a German-American billionaire entrepreneur, venture capitalist, and political activist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in F ...

originally backed fellow Californian and tech industry candidate

, but implicitly endorsed Trump in May 2016, then spoke at the Republican National Convention that July. Thiel donated over a million dollars in October 2016. A few days after the general election, Thiel joined the executive committee of the Trump transition team, although Thiel said he was not seeking a full-time Trump administration position. In addition to bringing some of his tech industry contacts to the Trump team, Thiel, along with Trump's son-in-law

Jared Kushner Jared Corey Kushner (born January 10, 1981) is an American businessman and investor. He served as a senior advisor to 45th U.S. president Donald Trump, his father-in-law. Since leaving the White House, Kushner founded Affinity Partners, a pri ...

and incoming White House Chief of Staff

Reince Priebus Reinhold Richard Priebus ( ; born March 18, 1972) is an American lawyer and politician who served as White House Chief of Staff for President Donald Trump from January 20, 2017, until July 31, 2017. He also served as the chairman of the Republ ...

, helped organize a technology-CEO meeting in December 2016 for

Trump Trump most commonly refers to: * Donald Trump (born 1946), 45th president of the United States (2017–2021) * Trump (card games), any playing card given an ad-hoc high rank Trump may also refer to: Businesses and organizations * Donald J. T ...

and Pence, as well as a handful of appointees and transition team members.

Airbnb Airbnb, Inc. ( ), based in San Francisco, California, operates an online marketplace focused on short-term homestays and experiences. The company acts as a broker and charges a commission from each booking. The company was founded in 2008 b ...

was also invited to attend the tech-CEO meeting, but their CEO was traveling internationally that week. The details of the December 2016 meeting were not made public, but according to anonymous sources, reforming the

H1B visa The H-1B is a visa in the United States under the Immigration and Nationality Act, section 101(a)(15)(H) that allows U.S. employers to temporarily employ foreign workers in specialty occupations. A specialty occupation requires the application of ...

program was discussed. Of the above, Stephen Bannon resigned on 18 August 2017; Reince Prebus was fired on 11 March 2017.

Business-oriented strategy and policy group

In addition to the tech-industry group, there is also a more general business advisory group being formed. Billionaire Stephen Schwarzman of Blackstone organized the business advisory group, which also includes: * Paul Atkins, former SEC commissioner *

Mary Barra Mary Teresa Barra (née Makela; born December 24, 1961) is an American businesswoman who has been the chair and chief executive officer (CEO) of General Motors since January 15, 2014. She is the first female CEO of a 'Big Three' automaker. In D ...

, CEO of GM *

Toby Cosgrove Delos Marshall "Toby" Cosgrove (born 1940) is an American Vietnam War veteran and former heart surgeon. He served as the president and chief executive of the Cleveland Clinic from 2004 until 2017. Early life Toby Cosgrove was born in 1940 in Wate ...

, CEO of

Cleveland Clinic Cleveland Clinic is a nonprofit American academic medical center based in Cleveland, Ohio. Owned and operated by the Cleveland Clinic Foundation, an Ohio nonprofit corporation established in 1921, it runs a 170-acre (69 ha) campus in Cleveland, ...

* Jamie Dimon, CEO of

JPMorgan Chase JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the ...

Larry Fink Laurence Douglas Fink (born November 2, 1952) is an American billionaire businessman. He is the chairman and CEO of BlackRock, an American multinational investment management corporation. BlackRock is the largest money-management firm in the w ...

, CEO of

BlackRock BlackRock, Inc. is an American multi-national investment company based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with trill ...

Travis Kalanick Travis Cordell Kalanick (; born August 6, 1976) is an American businessman best known as the co-founder and former chief executive officer (CEO) of Uber. Previously he worked for Scour, a peer-to-peer file sharing application company, and was t ...

, former CEO of

Uber Uber Technologies, Inc. (Uber), based in San Francisco, provides mobility as a service, ride-hailing (allowing users to book a car and driver to transport them in a way similar to a taxi), food delivery (Uber Eats and Postmates), packa ...

(December 2016-February 2017 resignation) * Rich Lesser, CEO of BCG *

Doug McMillon Carl Douglas McMillon (born October 17, 1966) is an American businessman, and the president and chief executive officer (CEO) of Walmart Inc. He sits on the retailer's board of directors. Having first joined the company as a summer associate ...

, CEO of

Wal-Mart Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquarter ...

* Jim McNerney, former CEO of

Boeing The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and p ...

Elon Musk Elon Reeve Musk ( ; born June 28, 1971) is a business magnate and investor. He is the founder, CEO and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; owner and CEO of Twitter, Inc.; founder of The ...

(December 2016-June 2017 resignation) *

Indra Nooyi Indra Nooyi (née Krishnamurthy; born October 28, 1955) is an Indian-American business executive and former chief executive officer and chairperson of PepsiCo. She has consistently ranked among the world's 100 most powerful women. In 2014, sh ...

, CEO of PepsiCo * Bayo Ogunlesi, chair of

Global Infrastructure Partners Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. GIP's main headquarters are located in New York City and its equity investments are based on infrastructure assets in the energ ...

Ginni Rometty Virginia Marie "Ginni" Rometty (born July 29, 1957) is an American business executive who served as executive chairman of IBM after stepping down as CEO on April 1, 2020. She previously served as chairman, president and CEO of IBM, becoming the ...

, CEO of IBM, also attended tech-CEO meeting *

Kevin Warsh Kevin Maxwell Warsh (born April 13, 1970) is an American financier and bank executive who served as a member of the Federal Reserve Board of Governors from 2006 to 2011. During and in the aftermath of the 2008 financial crisis, Warsh acted as th ...

, former FRB member * Mark Weinberger, CEO of EY *

Jack Welch John Francis Welch Jr. (November 19, 1935 – March 1, 2020) was an American business executive, chemical engineer, and writer. He was Chairman and CEO of General Electric (GE) between 1981 and 2001. When Welch retired from GE, he receive ...

, former CEO of GE *

Daniel Yergin Daniel Howard Yergin (born February 6, 1947) is an American author, speaker, energy expert, and economic historian. Yergin is vice chairman of S&P Global. He was formerly vice chairman of IHS Markit, which merged with S&P in 2022. He founded C ...

, winner of the Pulitzer Prize It is unclear whether Trump or his transition team have personally met with this advisory group, but media reports indicate that some of the members were considered for

cabinet-level A cabinet is a body of high-ranking state officials, typically consisting of the executive branch's top leaders. Members of a cabinet are usually called cabinet ministers or secretaries. The function of a cabinet varies: in some countrie ...

positions in his administration (including Dimon as a potential treasury secretary, Cosgrove as potential secretary of veterans affairs, Warsh for a potential Federal Reserve role).

Agricultural industry

During his campaign, Trump had several dozen agricultural advisors.

As
president President most commonly refers to: President (corporate title) President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

References

{{DEFAULTSORT:Economic Advisors To Donald Trump 2010s politics-related lists * * Donald Trump 2016 presidential campaign Lists of American people by occupation Lists of businesspeople Advisors to Donald Trump * Economic Advisors Donald Trump-related lists

Background

During his presidential campaign

During the general election

As president-elect An ''officer-elect'' is a person who has been elected to a position but has not yet been installed. Notably, a president who has been elected but not yet installed would be referred to as a ''president-elect'' (e.g. president-elect of the Unit ...

Informal presidential advisors

Technology industry

Business-oriented strategy and policy group

Agricultural industry

As president President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

References

As
president-elect An ''officer-elect'' is a person who has been elected to a position but has not yet been installed. Notably, a president who has been elected but not yet installed would be referred to as a ''president-elect'' (e.g. president-elect of the Unit ...

As
president President most commonly refers to: President (corporate title) President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...