Trump nominates Howard Lutnick as commerce secretary to lead trade agenda

President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, as commerce secretary. Lutnick will oversee Trump's tariff and trade agenda and has been a key adviser during the transition. Lutnick supports imposing tariffs to protect American workers, aligning with Trump's proposals for significant tariffs on imports, particularly from China. His nomination follows calls from influential figures, including Elon Musk, to prioritize Lutnick over other candidates for treasury secretary. Lutnick has a long history in finance and has contributed to both major political parties. He has gained prominence in Trump's circle, participating in campaign events and discussions on economic policy.