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. He has previously supported both Democrats and Republicans. Lutnick's nomination marks a shift from earlier speculation about him being considered for treasury secretary. He is known for advocating tariffs, which Trump has proposed at high rates for imports, particularly from China. Lutnick has a long history in finance and has been involved in various business ventures. He has also faced criticism for promoting controversial views during the campaign.