Donald Trump has said he will nominate Wall Street investor and campaign donor Howard Lutnick to run his commerce department, putting the billionaire in charge of imposing the sweeping tariffs the president-elect pitched to voters.
Lutnick, who is the co-chair of Trump’s transition team, had also been a contender to lead the Treasury department in the new administration. He is the chief executive of investment firm Cantor Fitzgerald.
Trump on Tuesday announced that in addition to leading the Department of Commerce, Lutnick would have “direct responsibility” for the office of the US trade representative.
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