​Howard Lutnick is the Commerce Secretary choice by Trump.

Howard Lutnick was appointed by President-elect Donald J. Trump to fill a tycoon Wall Street executive’s position in the federal government, which is one of the most popular and growingly powerful positions. Mr. Lutnick, the CEO of Cantor Fitzgerald, has been leading Mr. Trump’s transition staff since joining the company in January. He has called for taxes to safeguard U. S. companies from foreign competition, lower business income and an expansion of British power generation. On Tuesday, Mr. Trump said in a post on Truth Social that Mr. Lutnick” will lead our tariff and trade agenda, with additional direct responsibility for the Office of the United States Trade Representative” .Over the past two years, Mr. Lutnick has donated$ 1 million to Mr. Trump’s super PAC, according to federal election records, and hosted a fund-raiser at his Bridgehampton, N. Y., home that raised$ 15 million. According to a person with knowledge of his fundraising, who spoke on the condition of anonymity to discuss nonpublic figures, he donated or raised more than$ 75 million for organizations that supported Mr. Trump in the 2024 cycle. Mr. Lutnick has been an enthusiastic defender of Mr. Trump’s strategies for imposing tariffs on imports. However, he has suggested that they be used to negotiate trade agreements with other countries and that products that the US does not necessarily produce should n’t be subject to tariffs. Mr. Lutnick stated to CNBC earlier this year that” Donald Trump is here to defend the American worker.” Elon Musk, who has come to serve as the president-elect’s trusted advisor, had suggested Mr. Lutnick should take over as Mr. Trump’s Treasury director. The post content is retrievable with difficulty. In your browser’s settings, kindly help Browser. Thank you for your patience while exposure is verified. If you are in Audience mode please leave and log into your Times accounts, or listen for all of The Times. Thank you for your patience while accessibility is verified. Presently a customer? Register in. Want all of The Times? Subscribe. 

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