Trump nominates Howard Lutnick as commerce secretary to drive economic policy

President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, as his commerce secretary. Lutnick, a cryptocurrency supporter, will play a key role in implementing Trump's tariff policies aimed at boosting the economy. Lutnick, who co-chairs Trump's transition team, will oversee a Cabinet agency involved in trade restrictions, economic data, and new technology funding. He has advocated for tariffs as a means to protect American workers. Previously considered for Treasury Secretary, Lutnick's nomination follows calls from figures like Elon Musk to replace another candidate. His selection reflects Trump's focus on significant changes in economic policy.