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Commerce Secretary

All articles tagged with #commerce secretary

politics1 year ago

Trump's Cabinet Picks Stir Speculation and Market Reactions

Donald Trump's appointment of Howard Lutnick as Commerce Secretary raises questions about the future role of Robert Lighthizer, Trump's former trade chief known for his aggressive tariff policies. Lutnick is set to oversee the trade agenda, potentially sidelining Lighthizer, who was instrumental in shaping Trump's first-term trade policies. This move has sparked debate over whether Trump will pursue the protectionist trade measures he campaigned on, and whether Lighthizer will secure a significant role in the administration.

via POLITICO|
#commerce-secretary#lighthizer#politics
politics1 year ago

Trump's Commerce and Treasury Picks: Wall Street Titans in Focus

Howard Lutnick, CEO of Cantor Fitzgerald, has been named by President-elect Donald Trump as his pick for Secretary of Commerce. Lutnick, a prominent Wall Street figure, is known for his leadership during the 9/11 attacks, which claimed the lives of 658 employees, including his brother. As Commerce Secretary, Lutnick will lead the administration's trade and tariff strategy, advocating for higher tariffs to protect U.S. businesses. His close ties to Trump and potential conflicts of interest, such as his company's involvement with Tether, have raised concerns.

via Yahoo Finance|
#911-attacks#commerce-secretary#donald-trump
politics1 year ago

Trump's Commerce and Treasury Picks Stir Controversy and Speculation

President-elect Donald Trump has chosen Howard Lutnick, CEO of Cantor Fitzgerald, as his pick for Secretary of Commerce. Lutnick, a prominent Wall Street figure known for his resilience after losing nearly 70% of his employees in the 9/11 attacks, will lead the administration's strategy on tariffs and trade. Lutnick, who has been a significant donor and advisor to Trump's campaign, is expected to focus on raising tariffs to protect U.S. businesses. His appointment has raised concerns about potential conflicts of interest, particularly regarding cryptocurrency.

via Fortune|
#911-attacks#commerce-secretary#donald-trump
business1 year ago

Trump's Cabinet Picks Stir Controversy with Wall Street Ties

Howard Lutnick, CEO of Cantor Fitzgerald, is nominated by Donald Trump for Commerce Secretary, despite being a controversial figure on Wall Street. Known for his resilience after losing employees in 9/11, Lutnick is also criticized for self-dealing and aggressive business practices. His nomination highlights his loyalty to Trump and his combative business style, which some see as aligning with Trump's own approach.

via Forbes|
#business#cantor-fitzgerald#commerce-secretary
politics1 year ago

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.

via BBC.com|
#commerce-secretary#howard-lutnick#politics
politics1 year ago

Trump Nominates Howard Lutnick as Commerce Secretary Amid Cabinet Reshuffle

President-elect Donald Trump has appointed Howard Lutnick, CEO of Cantor Fitzgerald, as his Commerce Secretary. Lutnick, a prominent Wall Street figure, will lead Trump's tariff and trade agenda and oversee the Commerce Department, which includes responsibilities like enforcing tariffs and promoting U.S. exports. Lutnick, who gained prominence after rebuilding Cantor Fitzgerald post-9/11, has been a major supporter of Trump's economic policies, including tariffs and tax cuts. His appointment aligns with Trump's plans to reduce federal spending and restructure government agencies.

via NPR|
#commerce-secretary#howard-lutnick#politics
politics1 year ago

Trump Selects Howard Lutnick as Commerce Secretary Amid Tariff Focus

Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald and co-chair of Trump's transition team, as the Secretary of Commerce. Lutnick, who has been a key figure in Trump's transition efforts, will lead the administration's tariff and trade agenda. His appointment comes as a surprise, as Linda McMahon and Robert Lighthizer were considered frontrunners for the role. Lutnick's nomination aligns with Trump's promise to implement significant tariffs, particularly on Chinese goods.

via CNN|
#commerce-secretary#donald-trump#howard-lutnick
politics1 year ago

Trump's Cabinet Picks: Lutnick for Commerce, Rowan Eyed for Treasury

President-elect Donald Trump has chosen Howard Lutnick, CEO of Cantor Fitzgerald and a major financial backer of Trump's campaign, as his nominee for Commerce Secretary. Lutnick, a prominent Wall Street figure, has been involved in Trump's transition team and is known for his business acumen and loyalty. If confirmed, he will oversee agencies focused on economic growth and trade, and has expressed support for Trump's tariff policies and the crypto industry. Lutnick's nomination reflects Trump's emphasis on business experience in his administration.

via POLITICO|
#cantor-fitzgerald#commerce-secretary#donald-trump
politics1 year ago

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.

via Axios|
#cantor-fitzgerald#commerce-secretary#howard-lutnick
politics1 year ago

Trump Joins Musk for SpaceX Starship Launch in Texas

President-elect Donald Trump plans to attend a SpaceX launch in Texas, highlighting his close relationship with CEO Elon Musk. Trump has also nominated Wall Street banker Howard Lutnick as commerce secretary, emphasizing Lutnick's role in leading the tariff and trade agenda. Meanwhile, Trump has urged Senate Republicans to block further judicial confirmations before his inauguration.

via The Washington Post|
#commerce-secretary#elon-musk#howard-lutnick
politics2 years ago

Commerce Secretary Warns Alabama's Abortion Laws Will Harm Business and Backfire

U.S. Commerce Secretary Gina Raimondo criticized Alabama's strict abortion laws, calling them "draconian" and warning that they will backfire by driving away businesses and talented individuals. Raimondo expressed support for the Biden administration's stance on women's healthcare but emphasized the negative impact these laws will have on attracting businesses to states that are hostile to women. Alabama Attorney General Steve Marshall has asserted the state's right to prosecute those who assist women in traveling out of state for abortions, prompting a lawsuit by the ACLU and Yellowhammer Fund.

via AL.com|
#abortion-laws#alabama#business
international-relations2 years ago

"US and China Seek to Ease Tensions with Broadened Talks"

The US Commerce Secretary, Gina Raimondo, emphasized the importance of managing the US-China commercial relationship responsibly and stated that the US does not seek to decouple or hold back China's economy, while also prioritizing national security. Raimondo held meetings with top Chinese officials, including Vice Premier He Lifeng and Premier Li Qiang, discussing areas of global concern such as climate change and the fentanyl crisis. The US is seeking to promote economic ties with China while tightening export controls on advanced technologies with military applications. Regular discussions on commercial issues and information exchange on export controls were agreed upon. Raimondo also met with China's Minister of Culture and Tourism to promote the travel industry, as travel between the two countries remains significantly reduced due to the pandemic.

via The New York Times|
#commerce-secretary#economic-policy#international-relations