Trump nominates Howard Lutnick as commerce secretary

President-elect Donald Trump has nominated Howard Lutnick, head of Cantor Fitzgerald, as commerce secretary. Lutnick, a transition team co-chair, supports tariffs and would oversee a department involved in trade, economic data, and technology funding. Lutnick has a history of significant political donations, including a $5 million contribution to Trump's PAC. He has expressed strong support for tariffs, viewing them as beneficial for American workers. Previously considered for treasury secretary, Lutnick's nomination reflects Trump's focus on business-oriented candidates. Lutnick has worked in finance for over 30 years and has a personal connection to the 9/11 attacks, having lost many colleagues.