President-elect Donald Trump has announced billionaire businessman and philanthropist Howard Lutnick as his choice for Secretary of Commerce.

Sharing the news on Truth Social, Trump lauded Lutnick’s unwavering commitment to serving the families impacted by 9/11 and his leadership as co-chair of the Trump-Vance Transition Team. With this appointment, Trump is setting the tone for a revamped economic team rooted in loyalty, expertise, and decisive policymaking, as reported by Red State.

BREAKING: President Trump has selected Howard Lutnick, Chairman & CEO of Cantor Fitzgerald, as US Secretary of Commerce:

“He will lead our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative.”

Congratulations… pic.twitter.com/GRq0FpTN6q

— Charlie Kirk (@charliekirk11) November 19, 2024

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At 63, Lutnick would be the oldest nominee in Trump’s Cabinet if confirmed. This places him a generation ahead of Trump’s national security team, highlighting a deliberate choice to prioritize seasoned experience for his economic advisers.

Should Scott Bessent be named Treasury Secretary, both nominees would represent a strategic departure from Trump’s first term, which saw appointees with big names but competing agendas. This time around, Trump is clearly favoring loyalists and proven allies who align with his vision.

Lutnick, a long-time Trump supporter since 2019, brings deep knowledge of Wall Street and international trade to the table. His advocacy for tariffs to create a fairer playing field in global markets echoes Trump’s economic policies from his first term.

🚨 BREAKING: Trump has selected Howard Lutnick as his Commerce Secretary – Punchbowl News

Lutnick SUPPORTS Trump’s efforts to bring companies back to the USA.

🔥🔥

“Come to America, build in America.”

“Put a tariff out, and say to the company – if you come to America and you… pic.twitter.com/t1WMIxVct7

— Eric Daugherty (@EricLDaugh) November 19, 2024

This alignment underscores his readiness to champion the administration’s America First trade agenda. Additionally, Lutnick’s openness to exploring cryptocurrency as an economic tool indicates a willingness to adapt to emerging technologies, a forward-thinking approach that could energize the financial sector.

“Bitcoin is the same as gold. And Bitcoin should trade the same as gold—everywhere in the world, without exception.”

This man, Howard Lutnick, could be the next Treasury Secretary.

If it feels like we’re in the middle of a global paradigm shift, it’s because we are. pic.twitter.com/7XoacxGUKn

— Sam Lyman (@SamLyman33) November 13, 2024

By choosing Lutnick, Trump is banking on loyalty and influence to drive results. Lutnick’s role as co-chair of the Trump-Vance Transition Team underscores his entrenched position within Trump’s inner circle. This proximity to the president-elect is expected to give him the political weight necessary to implement policies without interference from detractors or entrenched bureaucrats.

Lutnick’s appointment also signals that Trump values practical expertise and dedication over political grandstanding. His long-standing reputation as a philanthropist and leader who supported 9/11 families further enhances his credibility, adding a human element to his financial acumen.

As the next Secretary of Commerce, Lutnick is poised to wield significant influence over the nation’s economic policies. His combination of Wall Street savvy, trade expertise, and political loyalty could make him one of the most impactful Commerce Secretaries in recent history.