Donald Trump is expected to nominate billionaire Howard Lutnick to be secretary of commerce, according to CNN. Lutnick, the CEO of financial services company Cantor Fitzgerald, has been the co-chair of Trump’s transition team since August, and has expressed support for Trump’s ill-defined plan to impose broad tariffs on foreign producers, a scheme experts say would shock the U.S. economy and cause increases in consumer prices across the board. In September, Lutnick told CNBC that “tariffs are

Tag-uri: Donald Trump