Trump expected to appoint Howard Lutnick as Commerce Secretary

U.S. President-elect Donald Trump is expected to appoint Howard Lutnick, CEO of Cantor Fitzgerald, as Commerce Secretary, according to a report. Lutnick is a long-time friend of Trump and supports his plans for manufacturing and cryptocurrency. The Commerce Department manages various functions, including export controls, which are crucial in the U.S.-China tech conflict. The new secretary will enforce regulations aimed at limiting China's technological advancements, particularly in artificial intelligence and semiconductors. Lutnick has been involved in Trump's transition team and is known for his support of Trump's policies. He has a background in trading and real estate and has actively participated in fundraising for Trump.