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Senate Hearing for Commerce Secretary Nominee Howard Lutnick Scheduled for January 29


Howard Lutnick endorses President Donald Trump’s tariff policies, referring to them as ‘a bargaining chip.’

The Senate Commerce, Science, and Transportation Committee declared on January 23 that it will conduct its hearing regarding Howard Lutnick’s nomination for Secretary of Commerce on January 29.

“Howard Lutnick is an outstanding selection to guide the Department of Commerce, and his extensive background will greatly benefit his mission to foster America’s boundless entrepreneurial spirit,” stated Sen. Ted Cruz (R-Texas), the committee chair.

“Mr. Lutnick will be instrumental in unlocking extraordinary innovation and ensuring our nation’s job creators are equipped to generate ample opportunities for well-paying jobs,” he added.

Lutnick backs President Donald Trump’s tariff strategy and has described tariffs as “a bargaining chip.”

“I believe we should impose tariffs on items we produce and not on those we don’t,” he told CNBC in September, emphasizing that the United States ought to enact reciprocal tariffs on other nations.

In his announcement of Lutnick as the nominee for commerce secretary, Trump praised Lutnick for having “developed the most sophisticated process and system to help us create the most exceptional administration America has ever had.”

Lutnick advocates for wide-ranging tariffs.

“You have to impose tariffs on the rest of the world. Keep them out. Bring manufacturing back here,” he stated during Anthony Pompliano’s podcast in October 2024.

“Everyone else is going to negotiate with us,” Lutnick remarked.

As a billionaire, Lutnick was a co-chair of the Trump transition team following the election, having been appointed to the role before November 5.

He significantly funded Trump’s campaigns in both the 2020 and 2024 election cycles.

Lutnick serves as chairman and CEO of financial services companies Cantor Fitzgerald and BGC Group. He gained notoriety after 9/11, as Cantor Fitzgerald’s headquarters was situated in one of the Twin Towers.

All employees present in the office that day perished.

Lutnick survived because he was taking his sons to their first days of pre-school and kindergarten.



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