Trump nominates Howard Lutnick as commerce secretary to oversee trade and economic policy

Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, as his commerce secretary. Lutnick, a key adviser in Trump's transition team, will oversee a Cabinet agency involved in trade, economic data, and weather monitoring. Lutnick is known for advocating tariffs, which Trump has proposed at high rates for imports, particularly from China. His nomination follows calls from figures like Elon Musk to replace another candidate for treasury secretary with Lutnick. Previously considered for the treasury role, Lutnick's appointment reflects Trump's focus on business connections and a desire for significant changes in economic policy.