Trump nominates Howard Lutnick as commerce secretary

President-elect Donald Trump has nominated Howard Lutnick as commerce secretary. Lutnick, who leads Cantor Fitzgerald and supports tariffs, will oversee a department involved in trade, economic data, and technology funding. Previously considered for treasury secretary, Lutnick's nomination follows calls from Trump allies to replace another candidate. His stance on tariffs aligns with Trump's proposals for significant import duties, particularly on goods from China. Lutnick's role will require strong connections in the business community, as he will manage a large Cabinet agency with diverse responsibilities.