Trump nominates Howard Lutnick as commerce secretary to lead trade agenda

President-elect Donald Trump has nominated Howard Lutnick as commerce secretary. Lutnick, head of Cantor Fitzgerald, will oversee Trump's tariff and trade agenda. He has previously advocated for tariffs to protect American workers. Lutnick's nomination follows calls from influential figures, including Elon Musk, to replace another candidate for treasury secretary with him. Lutnick has been a key adviser during Trump's transition and has connections in the business community. The commerce secretary role involves managing trade policies, economic data, and new technology initiatives. Lutnick's background includes leadership in finance and real estate, and he has a history of bipartisan political donations.