Reports from the U.S. Bureau of Economic Analysis or major economic publications

Trump Names Howard Lutnick as Commerce Secretary to Lead Trade Agenda

Nov 19, 2024, 07:45 PM

President-elect Donald Trump has announced Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, as his choice for Secretary of Commerce, pending Senate confirmation. Lutnick, a billionaire businessman and key transition adviser, is expected to lead the administration's tariff and trade agenda, with additional responsibility for the Office of the United States Trade Representative and oversight of China's technology regulations. A prominent figure on Wall Street for over 30 years, Lutnick played a pivotal role in rebuilding Cantor Fitzgerald after the 9/11 attacks. He has been leading Trump's transition team and aims to encourage products and technological advancements to be "made in America" again. Trump stated that Lutnick "has created the most sophisticated process and system to assist us in creating the greatest Administration America has ever seen."