Trump chooses Howard Lutnick to be the Secretary of Commerce.

Donald Trump has announced the nomination of Howard Lutnick, CEO of Cantor Fitzgerald, to lead the Department of Commerce, focusing on tariffs and trade policies. Lutnick, a longtime Trump supporter and co-chair of the transition team, will oversee the implementation of a 60% tariff on Chinese goods and up to 20% on other imports. He has expressed support for tariffs as a means to boost domestic productivity and has advocated for reducing government spending. Industry leaders, including the National Retail Federation and Micron Technology, have congratulated Lutnick on his nomination.