Trump to Nominate Howard Lutnick as Commerce Secretary Amid Treasury Speculation

President-elect Donald Trump plans to nominate Howard Lutnick, CEO of Cantor Fitzgerald, as Commerce Secretary. Lutnick, a strong supporter of Trump's economic policies including tariffs, was initially considered for Treasury Secretary but is now set to lead the Commerce Department, which will play a crucial role in implementing tariffs and overseeing the CHIPS and Science Act. Lutnick, who has been a prominent business figure since the 9/11 attacks, will need to step back from his roles at Cantor Fitzgerald and other ventures to assume this position.