Donald Trump is expected to nominate billionaire Howard Lutnick to be secretary of commerce, according to CNN.The CEO of Cantor Fitzgerald, Lutnick has been the co-chair of Trump’s transition team since August and has expressed support for broad tariffs, which experts say would shock the U.S. economy and cause increases in consumer prices across the board.At Trump’s fascistic rally in Madison Square Garden last month, Lutnick said that America was better off 100 years ago, when it had “no income tax and all we had was tariffs.”Lutnick told CNBC in September that “tariffs are an amazing tool for the president to use—we need to protect the American worker.”This is a developing story.
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