Trump picks Cantor Fitzgerald CEO Howard Lutnick as commerce secretary
Published On : 2024-11-20T04:35:05+0530 [ IST ] |
Author : Mayur_Tembhare
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Howard Lutnick (Picture credit: Reuters)US President-elect Donald Trump has chosen Howard Lutnick CEO of brokerage and investment firmCantor Fitzgerald as his nominee for Commerce Secretary.
A Long Island native with a background in trading and real estate Lutnick has been a vocal supporter of Trump on Wall Street hosting fundraisers and advocating for Trump’s policies during media appearances.
Lutnick's appointment aligns with Trump's vision to revitalize American manufacturing and promote cryptocurrency cryptocurrency adoption, introducing a strong Wall Street presence to the administration.
As Commerce Secretary Lutnick would oversee a wide-ranging department tasked with responsibilities including funding new semiconductor manufacturing, regulating trade restrictions, releasing critical economic data and even monitoring weather patterns. His extensive connections with CEOs and the business community make him a strategic choice
Lutnick’s leadership would also place him at the forefront of the US-China tech competition. The Commerce Department plays a vital role in enforcing policies to limit China’s access to critical technologies such as semiconductors and advanced manufacturing equipment.
While Lutnick has not frequently addressed US-China relations he is a staunch proponent of tariffs targeting Beijing. In a recent podcast he reportedly said:
Lutnick previously served as co-chair of Trump’s transition team and was considered for roles such as Treasury Secretary.
Source : Reporters From Sunrise Chronicles
Tags : trumpnew york native , China , secretarystrong wall street presence , policiesleadership would also place , Semiconductor Manufacturing International Corporation , Long Island , Howard Lutnick , Trump , Picture , lutnickresponsibilities including funding new semiconductor manufacturing ,
Summary :
Howard Lutnick (Picture credit: Reuters)US President-elect Donald Trump has chosen Howard Lutnick CEO of brokerage and investment firmCantor Fitzgerald as his nominee for Commerce Secretary.
