Trump chooses billionaire and key transition adviser Howard Lutnick for commerce secretary

By Yahoo! Finance | Nov 19, 2024 at 02:41 PM EST

President-elect Donald Trump nominated Howard Lutnick, a cryptocurrency enthusiast and head of Cantor Fitzgerald, as his commerce secretary. Lutnick's role would involve implementing Trump's tariff plans. He advocates for tariffs to protect American workers, though mainstream economists view them as inefficient.

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