U.S. Senate votes 51-45 to confirm Howard Lutnick as commerce secretary
The Senate confirmed wealthy financier Howard Lutnick as commerce secretary Tuesday, putting in place a staunch supporter of President Donald Trump’s hardline trade polices.
At his confirmation hearing last month, Mr. Lutnick dismissed as “nonsense” the idea that tariffs contribute to inflation. He expressed support for deploying across-the-board tariffs “country by country” to strong-arm other countries into lowering barriers to American exports. The president has also imposed 10-per-cent tariffs on Chinese imports and effectively raised U.S. taxes on foreign steel and aluminum. He has threatened – and delayed until March 4 – 25 per cent tariffs on goods from Canada and Mexico.
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