Donald Trump selected two key figures for his economic team on Wednesday, both of whom could jolt Washington’s approach to trade and regulation.
The president-elect announced the creation of a new National Trade Council inside the White House to facilitate industrial policy and named an ardent skeptic of trade with China, economist Peter Navarro, to head it.
Later, he tapped billionaire investor Carl Icahn to serve as special adviser on overhauling federal regulations, a job with sweeping implications given Mr. Trump’s campaign promise to remove 90% of federal rules that affect American jobs.
The announcements offer clues about how Mr. Trump will attempt to flesh out his distinct economic agenda that fuses traditional GOP principles of lower taxes and regulation with a more populist approach on trade, immigration and manufacturing.