How Trump’s billionaire pick for commerce secretary could backfire on Republicans
Flavius Niculescu
Howard Lutnick’s public statements reveal that he knows little about trade, and his career on Wall Street has imprinted him with views about tariffs contrary to Trump’s. Presidential candidate Donald Trump promised cheering crowds nationwide that he would impose across-the-board tariffs to generate revenue to replace income taxes and rebuild American manufacturing. This week, in a sign that he won’t fulfill that goal, President-elect Trump named billionaire investment bank CEO Howard Lutnick to
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