The Senate confirmed Howard Lutnick as President Trump’s commerce secretary, with a vote of 51 to 45. Previously CEO of Cantor Fitzgerald, Lutnick is a key economic adviser and will oversee issues like tariffs and technology exports, especially concerning China. At his confirmation hearing, he emphasized a strong approach to U.S. export controls and protecting American industries from international competition. His role will include working with the Office of the United States Trade Representative to shape trade policy amid ongoing economic negotiations with China.
As commerce secretary, Mr. Lutnick will take on a broad portfolio that includes defending U.S. business interests worldwide and overseeing restrictions on technology exports to countries like China.
Mr. Lutnick said he would take a tough stance on the department's oversight of technology sales to China and back up U.S. export controls with the threat of tariffs.
Collection
[
|
...
]