Donald Trump Nominates Wall Street Executive Howard Lutnick for Commerce Department Role
US President-elect Donald Trump has announced his nomination of Howard Lutnick, CEO of Cantor Fitzgerald, to lead the Commerce Department and oversee trade and tariff strategies. Lutnick has been vocal about US trade dynamics, particularly criticizing Ireland’s surplus. Trump aims to impose significant tariffs on Chinese imports, a strategy backed by Lutnick. The appointment raises questions about the future role of former USTR Robert Lighthizer within the administration. The Commerce Department’s functions, including export controls related to China, underscore its vital role in trade conflicts.