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China hawk named as commerce secretary
The Straits Times
|November 21, 2024
US President-elect Donald Trump nominated Mr. Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Nov. 19—a choice set to bring a tougher stance on China from the incoming administration.
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Mr. Lutnick will also lead the country's tariff and trade agenda, with "additional direct responsibility for the Office of the United States Trade Representative," Trump said in a statement.
Tariffs are a key part of Trump's economic agenda, and he has promised sweeping duties on all imports when he returns to the White House.
Mr. Lutnick is chief executive of financial services firm Cantor Fitzgerald, and a Trump ally originally tipped as a frontrunner for treasury secretary. Besides Cantor Fitzgerald, he heads financial technology firm BGC Group and real estate services firm Newmark Group.
This story is from the November 21, 2024 edition of The Straits Times.
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