Trump picks pro-tariff billionaire Howard Lutnick for US commerce secretary

Who is Howard Lutnick?

Howard Lutnick is a billionaire businessman and philanthropist. He is the chairman and CEO of Cantor Fitzgerald, a global financial services firm. Lutnick is a strong supporter of President Trump and his economic policies, including tariffs.

Lutnick's views on tariffs

Lutnick has been a vocal supporter of Trump's tariffs on imported goods. He argues that tariffs are necessary to protect American jobs and businesses from unfair competition. Lutnick has also said that he believes tariffs will help to reduce the US trade deficit.

Trump's decision to nominate Lutnick

Trump's decision to nominate Lutnick for commerce secretary has been met with mixed reactions. Some business leaders have praised the choice, while others have expressed concern about Lutnick's lack of experience in government.

Potential impact of Lutnick's nomination

If confirmed by the Senate, Lutnick would be responsible for overseeing the US Department of Commerce. The department is responsible for promoting economic growth and competitiveness. It also enforces trade laws and regulations.

Conclusion

The nomination of Howard Lutnick for commerce secretary is a significant development in the Trump administration's trade policy. Lutnick is a strong supporter of tariffs, and his appointment could signal a more aggressive approach to trade enforcement. The impact of Lutnick's nomination will depend on whether he is confirmed by the Senate and the policies he implements as commerce secretary.