Howard Lutnick Confirmed as U.S. Commerce Secretary Under Trump Administration

The billionaire CEO will oversee trade policy and lead efforts to implement President Trump's aggressive tariff agenda.

Howard Lutnick, CEO of Cantor Fitzgerald and a major Trump donor, was confirmed by the Senate in a 51-45 vote along party lines.
Lutnick has pledged to divest his extensive business holdings within 90 days to avoid conflicts of interest while serving as commerce secretary.
As commerce secretary, Lutnick is expected to play a key role in implementing Trump's reciprocal tariff policies aimed at addressing trade imbalances with U.S. trading partners.
During his confirmation hearing, Lutnick dismissed concerns about tariffs contributing to inflation and emphasized the need for stronger U.S. competitiveness in trade and technology, particularly against China.
Lutnick's leadership experience includes guiding Cantor Fitzgerald through its recovery after losing 658 employees, including his brother, in the 9/11 attacks.