Trump Expected to Nominate Howard Lutnick as Commerce Secretary

Nov 19, 2024, 03:47 PM

President-elect Donald Trump is expected to nominate Howard Lutnick, the CEO of Wall Street firm Cantor Fitzgerald, as his Secretary of Commerce. Lutnick, who has been a close ally to Trump, supports his vision for boosting U.S. manufacturing and imposing tariffs to encourage companies to return to America. He is also co-chair of the Trump transition team and has been involved in discussions about economic policy, including tariffs. His nomination reflects Trump's strategy to appoint business leaders to key economic positions.