The elected president of United States Donald Trump He continues to add names in order to form his cabinet and chose the director of the Investment Bank Cantor Fitzgerald Howard Lutnicklike his Secretary of Commerce. In this position, Lutnick would play a key role in the implementation of the Republican’s plans to increase and enforce tariffs.
Lutnick (63) is co-chair of Trump’s transition team and is tasked with putting forward candidates for key positions in the next administration.. The nomination would put Lutnick in charge of a broad Cabinet agency that is responsible for finance new computer chip factories, impose trade restrictions, publish economic data and monitor the weather.
Howard Lutnick, the investor who will coordinate US trade
Lutnick’s position also corresponds to maintain connections with CEOs and the broader business community. Lutnick is a proponent of imposing far-reaching tariffs, he told the CNBC in September.
Mainstream economists are generally skeptical of tariffs, viewing them as a largely inefficient way for governments to raise money and promote prosperity.
On his social networks, the recent appointee thanked Trump in a heartfelt message. “As the next Secretary of Commerce, I will join the best administration America has ever seen.and I will unleash all our economic potential,” he said.
Lutnick’s anti-China stance
Lutnick is in favor of imposing tariffs of 10 to 20% on all products entering the United States and up to 60 to 100% for those arriving from China. In October he lamented the loss of manufacturing jobs in the United States and called electric cars “elite nonsense” in an interview.
Accuses China of being the origin of the spread of fentanyl in the United States due to the sale of substances with which this synthetic opiate is manufactured, responsible for tens of thousands of overdose deaths each year.
Likewise, he was especially concerned about Mexico. “I would say that Mexico is a tremendous challenge for us” because “China is building huge car factories” in the country and “they are going to sell them in the United States,” he complained before the election.
The Department of Commerce is responsible for boosting American industry and has a key role in policy to shore up the semiconductor sector and reduce its dependence on Asia.
A close collaborator of Donald Trump assured that they will make cuts “like those of Javier Milei”
Donald Trump began assembling his cabinet and, during the process, different actors had winks with the administration of Javier Milei. In the last hours, businessman Vivek Ramaswamy, 39 years old, affirmed that “a reasonable formula to fix the United States government” is to carry out “Milei-style cuts, on steroids”.
Ramaswamy is a rising figure since, after Trump’s victory, the businessman was named in charge of the Department of Government Efficiency (DOGE) together with the CEO of Tesla and X, Elon Musk. The Argentine government assures that this office is largely inspired by the Ministry of Deregulation and Transformation of the State of Argentinaled by Federico Sturzeneggerwhich seeks to organize the bureaucracy and optimize public resources.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
