President-elect Donald Trump on Tuesday revealed he is nominating Cantor Fitzgerald CEO Howard Lutnick for secretary of the Commerce Department.
“I am delighted to reveal that Howard Lutnick, Chairman & CEO of Cantor Fitzgerald, will signupwith my Administration as the United States Secretary of Commerce,” Trump composed on his Truth Social media platform. “He will lead our Tariff and Trade program, with extra direct obligation for the Office of the United States Trade Representative.”
Trump included, “In his function as Co-Chair of the Trump-Vance Transition Team, Howard hasactually developed the most advanced procedure and system to help us in producing the biggest Administration America has ever seen.”
As Commerce Secretary, Lutnick would lead a complex department accountable for efforts varying from enforcing trade constraints to handling federal financialinvestments in innovation. He would likewise supervise financial information reporting and weather-monitoring services, making the function one of broad impact.
Who Is Lutnick?
Lutnick is the billionaire CEO of monetary services company Cantor Fitzgerald and is likewise serving as the co-chair of Trump’s shift group.
Having signedupwith Cantor Fitzgerald in 1983, Lutnick rose to CEO in 1991 and broadened his impact throughout markets, chairing monetary tech company BGC G