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 comes as Trump plans to implement significant tariffs, including a proposed 60% tariff on Chinese goods. Lutnick has expressed strong support for tariffs as a means to protect American workers. Previously considered for treasury secretary, Lutnick's nomination reflects a shift in Trump's inner circle, with influential figures like Elon Musk advocating for his selection over other candidates. Lutnick has a long history in finance and has been involved in various business ventures.