Trump Picks Financier Howard Lutnick As Commerce Secretary
Donald Trump has tapped investor Howard Lutnick, the co-chair of his transition team, to head the US commerce department. In his announcement, Trump said Lutnick, the chief executive of financial firm Cantor Fitzgerald, would lead the administration’s “tariff and trade agenda”. Lutnick was also considered for treasury secretary, a more prominent position. Mr. Trump has yet to decide on that closely watched post, which carries sweeping authority over areas such as the economy and tax policy. The battle for who to choose spilled into…