Trump expected to nominate Howard Lutnick as Commerce Secretary

President-elect Donald Trump is expected to nominate Howard Lutnick, CEO of Cantor Fitzgerald, as Commerce Secretary. This comes after Lutnick was reportedly passed over for the Treasury Department. He is known for supporting Trump's economic policies, including high tariffs. If confirmed, Lutnick will oversee the Commerce Department, which aims to boost U.S. economic growth and support domestic industries. He reportedly outperformed Robert Lighthizer and Linda McMahon for the position. Lutnick has been involved in Trump's transition team, advising on Cabinet selections. He has advocated for tariffs, stating that the U.S. prospered in the early 1900s with no income tax and high tariffs.