Howard Lutnick named comm secy, to play key role for Trump's trade agenda

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Howard Lutnick named comm secy, to play key role for Trump's trade agenda - Business Standard

Quick Summary:

The Senate confirmed wealthy financier Howard Lutnick as commerce secretary on Tuesday, putting in place a staunch supporter of President Donald Trump's hardline trade policies.

But he's likely to spend a lot of time -- along with Jamieson Greer, Trump's nominee to be the top US trade negotiator -- managing the president's aggressive plans to impose import taxes on US trading partners, including allies and adversaries alike.

At the Commerce Department, Lutnick, who was CEO at the investment firm Cantor Fitzgerald, will oversee 50,000 employees who do everything from collecting economic statistics to running the census to issuing weather reports.