Howard Lutnick, chairman and CEO of investment firms Cantor Fitzgerald and BGC Group, told the U.S. Senate Committee on Commerce, Science and Transportation that he would divest “all of my interests, my business interests, all of my assets, everything.”

Billionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days.

Howard Lutnick said tariffs are essential for supporting U.S.-based manufacturing and won't trigger inflation while undergoing a Senate confirmation hearing on Wednesday.

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Democrats are looking to exploit the Commerce secretary nominee’s vast wealth and financial entanglements at his confirmation hearing Wednesday.

Howard Lutnick, President Donald Trump's nominee for Commerce Secretary and CEO of Cantor Fitzgerald, says the firm has no equity in Tether, a controversial crypto firm. But he does say Cantor owns a convertible bond with Tether.

Howard Lutnick, President Trump’s pick to lead the Commerce Department, will face questioning from the Senate Commerce, Science, and Transportation Committee Wednesday morning during a

Howard William Lutnick assured senators that the American economy will be much, much better. "A particular product’s price may go up, but all of them, this is not inflationary," he asserted.

Less than two weeks into his second term, President Trump may be poised to deploy steep tariffs against key U.S. trading partners.

On Wednesday, the Consumer Choice Center (CCC) issued a statement agreeing with that sentiment, saying that while Trump’s 25% tariff threats are “nonsensical,” so is Canada’s supply management system that imposes tariffs of up to 300% on imported dairy.

Donald Trump's self-imposed deadline for a first round of tariffs on Canada, Mexico, and China looms in less than two days as economic observers and world leaders try to plan amid the uncertainty.