By Timothy Bolger
Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and Co-Chair of the Trump 2024 Transition Group speaks at a rally for former US President and Republican presidential candidate Donald Trump at Madison Sq. Backyard in New York, October 27, 2024. (Photograph by ANGELA WEISS / AFP) (Photograph by ANGELA WEISS/AFP by way of Getty Photographs)
President-elect Donald Trump has nominated Cantor Fitzgerald CEO Howard Lutnick, a Jericho native who owns a house in Bridgehampton, to be the following U.S. Secretary of Commerce, the transition staff introduced.
Within the function, Lutnick will likely be tasked with finishing up Trump’s marketing campaign promise to enact tariffs on merchandise imported from different nations in a bid to spice up American-made items.
“He will lead our tariff and trade agenda, with additional direct responsibility for the Office of the United States Trade Representative,” Trump stated in a press release. “In his role as Co-Chair of the Trump-Vance Transition Team, Howard has created the most sophisticated process and system to assist us in creating the greatest Administration America has ever seen.”
Lutnick’s nomination is the second Lengthy Islander that Trump has picked for his cupboard after not too long ago naming former U.S. Rep. Lee Zeldin (R-Shirley), who represented the East Finish in Congress, to be the following U.S. Environmental Safety Company administrator.
Lutnick has labored at Cantor Fitzgerald, a high-profile Wall Road buying and selling agency, for greater than 4 many years. He survived the Sept. 11, 2001 assaults on the World Commerce Middle that claimed the lifetime of his brother and 658 workers who had been among the many about 3,000 victims.
He has since devoted himself to elevating cash to assist 9/11 households — he serves on the Board of Administrators of the Nationwide September 11 Memorial & Museum — and people impacted by different terrorist assaults and pure disasters worldwide.
The Jericho Excessive College graduate purchased his 40-acre Bridgehampton property for $15 million in 2003 and later misplaced a lawsuit during which he tried to overturn a City of Southampton denial of his request to construct a basketball court docket on the property.
