Howard Lutnick was confirmed as the 41st Secretary of Commerce, taking on the role of implementing President Trump’s tariff policies. He will oversee the U.S. Trade Representative’s office, managing tariffs against major trade partners like China, Mexico, and Canada, as well as duties on steel and aluminum. Lutnick, who resigned from his position at Cantor Fitzgerald, expressed support for broad tariffs and emphasized the need for fair treatment in global trade. His confirmation raises questions about the future of the CHIPS and Science Act, as he seeks to review its funding commitments.

Source: https://www.supplychaindive.com/news/trump-howard-lutnick-confirmed-commerce-secretary-tariffs-chips/740398/