Trump nominates Howard Lutnick as commerce secretary candidate

President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, as commerce secretary. Lutnick, a cryptocurrency supporter, will oversee a department involved in trade, economic data, and technology funding if confirmed by the Senate. Lutnick has been a strong advocate for Trump's tariff plans, supporting high tariffs on imports to protect American workers. He previously expressed skepticism about traditional economic views on tariffs, emphasizing their potential benefits. Lutnick's personal history includes the loss of his brother and many Cantor employees in the September 11 attacks. He is also a supporter of cryptocurrency, promoting its free trade and integration into the global economy.