Trump Taps Lutnick as Commerce Secretary

story

Nov 20, 2024

Above: Howard Lutnick, chairman and CEO of Cantor Fitzgerald LP Image copyright: Adam Gray/Contributor/Bloomberg via Getty Imagesstory last updated Nov 21

The Facts

Pres.-elect Donald Trump on Tuesday announced on Truth Social that he would be nominating Howard Lutnick — the co-chair of Trump's transition team and the CEO of the financial services firm Cantor Fitzgerald — as the next Secretary of Commerce.
The commerce department oversees much of the federal government's economic policies. In his statement, Trump called Lutnick "a dynamic force of Wall Street" who will be at the forefront of the administration's "Tariff and Trade agenda."

The Spin

Republican narrative

In vocally supporting Trump and the president-elect's tariff plan, Lutnick has earned this role by bucking the Wall Street elites. In fact, many of those elites opposed this nomination — proving that Trump has again struck a chord with one of his picks. Lutnick's past experiences and his knowledge of the economy will help make the US great again.

Daily Wire

Democratic narrative

Another day has brought yet another unfathomable Trump cabinet nomination. Lutnick has backed Trump's tariff plan despite admitting it would cause prices to rise, and knowing that experts predict it will wreck the economy. He's spewed bigoted and fascist rhetoric on behalf of Trump. In other words, he's a perfect addition to Trump's collection of horrible cabinet picks.