Trump likely to nominate Howard Lutnick as commerce secretary
ft.com —
Donald Trump is expected to nominate Howard Lutnick, CEO of Cantor Fitzgerald, as his commerce secretary. Lutnick, a key member of Trump's transition team, was previously considered for the Treasury position but faced competition. As commerce secretary, Lutnick would oversee U.S. business policies and support Trump's proposed tariffs, including a 60% tariff on Chinese imports. His nomination requires Senate confirmation. Lutnick has a history of political donations, supporting both Democrats and Republicans. He has been a significant donor to Trump's campaign, contributing over $10 million and raising around $75 million.