Howard Lutnick named US commerce secretary and will ‘lead’ on tariffs and trade
Wall Street CEO co-chairs Donald Trump’s transition team and was previously said to be in the running for treasury secretary
In announcing the nomination, Trump said Lutnick would “lead our tariff and trade agenda, with additional direct responsibility for the Office of United States Trade Representative”. It was not immediately clear whether Lutnick would lead USTR.
Well-known in American business circles for his nearly 30-year career at financial services company Cantor Fitzgerald, Lutnick is a co-chair of Trump’s transition team.
As co-chair, the New York native has managed the selection of candidates for key Trump administration positions, emphasising “fidelity and loyalty … to the man”.
Trump in his announcement on Tuesday said Lutnick had “created the most sophisticated process and system to assist us in creating the greatest administration America has ever seen”.
