President Trump has chosen Howard Lutnick, the CEO of Cantor Fitzgerald and co-chair of his transition team, to serve as the commerce secretary. This decision comes after Lutnick was vying for the position of treasury secretary, which now seems likely to go to Scott Bessent, Mark Rowan, or Kevin Warsh.
Lutnick’s appointment has been met with mixed reactions, with some praising his business acumen and others expressing concern about his lack of political experience. However, Trump’s administration has defended the choice, citing Lutnick’s successful track record in the financial industry.
As commerce secretary, Lutnick will be responsible for overseeing the nation’s economic and trade policies. His appointment is expected to bring a fresh perspective to the role and could signal a shift in the administration’s approach to commerce.
