Official announcements from the White House or Department of Commerce

Trump Expected to Nominate Billionaire Howard Lutnick as Commerce Secretary

Nov 19, 2024, 04:08 PM

President-elect Donald Trump is expected to nominate Cantor Fitzgerald CEO and billionaire Howard Lutnick as Secretary of Commerce. Lutnick, a veteran Wall Street financier, is known for his support of tariffs and US manufacturing. Reports indicate that Lutnick's nomination is intended to bolster Trump's economic agenda, which includes leveraging tariffs as a negotiation tactic. Lutnick, who lost 658 employees in the 9/11 attacks, has been a prominent figure in the financial sector and has recently been involved in the Trump transition team. A top transition source confirmed the nomination.