Senate on Tuesday confirmed the rich financier Howard Lutnik as Commerce Secretary, putting a support supporter of the hardcore trade policies of President Donald Trump.
In the Department of Commerce, Lootnik, who was the CEO in the investment firm Cantor Fitzgerald, will look after 50,000 employees, who do everything from collecting economic data to the censoring weather reports. But he is likely to spend a lot of time – with Jaimison Greer, to be Trump’s nominated top American business negotiator – managing the President’s aggressive plans to impose import tax on American traders, including collaborative and adverse and opponents.
The Senate Vote was 51-45 to confirm Lutnik.
Trump see tariffs as a versatile economic tool. They can raise funds to finance their tax deductions, protect American industries and pressurize other countries to give concessions on search issues such as their own trade barriers, immigration and drug trafficking Can add Mainstream economists see most of the tunges as a counterprants: they are paid by import companies in the United States, who try to pass with high costs for consumers and which added inflation pressure in the entire economy to add pressure pressure in the entire economy Can
In the hearing of his confirmation last month, Lutynik dismissed as “nonsense” that Tafs contributed to inflation. He has expressed support by American countries to deploy “by the country by” by the country “by the country. Export.
Trump announced plans for “mutual” last week – to raise US import tax rates, to match high taxes which other countries impose goods from America, operating world trade rules for decades Rules emerged from conversation between dozens of countries.
The President has affected 10% of Taifs on Chinese imports and effectively provoked American taxes on foreign steel and aluminum. They threatened – and delayed by 4 March – 25% tariff on goods from Canada and Mexico.
Lutnic canter was CEO at Fitzgerald when its offices attacked the World Trade Center on September 11, 2001. The firm frees two-thirds of its employees -658 people-that of the day, including the brother of Lootnik. Howard Lutnik led the recovery of the firm and is a member of the Board of Directors of the National September 11 Memorial and Museum.
Lutnik has promised to sell his business holdings. They are complex. His financial disclosure statement showed that he had positions in 800 more businesses and other private organizations.
