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Trump taps Lutnick

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump taps Howard Lutnick for Commerce secretary The president-elect's longtime friend is the chair and CEO of Cantor Fitzgerald and is currently serving as co-chair of the Trump transition. © AP Photo/Evan Vucci Lutnick has publicly embraced Trump’s...

Nov 19, 2024 - 23:00

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Business & Economy

The Big Story

Trump taps Howard Lutnick for Commerce secretary

The president-elect's longtime friend is the chair and CEO of Cantor Fitzgerald and is currently serving as co-chair of the Trump transition.

Lutnick has publicly embraced Trump’s tariff plans, which will be a major part of the job leading Commerce.

Trump said he would “lead our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative.”

Lutnick is a prominent supporter of cryptocurrencies. He oversaw Cantor Fitzgerald’s response to 9/11, when more than 600 of its employees were killed at the World Trade Center.

The CEO was considered a front-runner for the role, along with Scott Bessent, who served as an economic adviser on the Trump campaign.

Lutnick also beat out Linda McMahon for the role leading Commerce. A co-chair of Trump’s transition team, she was considered a front-runner and previously led the Small Business Administration during his first term.

The Hill's Alex Gangitano and Brett Samuels have more here.

Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.

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