Trump Appoints Howard Lutnick as Commerce Secretary to Oversee Tariffs

Donald Trump has appointed Howard Lutnick, CEO of Cantor Fitzgerald and co-chair of his transition team, as the US Commerce Secretary. Lutnick, a strong supporter of Trump's trade and tariff policies, was also considered for the Treasury Secretary role. His appointment is significant due to his alignment with Trump's economic agenda, despite some Wall Street opposition to tariffs. Lutnick's background includes leading Cantor Fitzgerald through the aftermath of the 9/11 attacks, which significantly impacted the firm.