WASHINGTON—Howard Lutnick’s journey from Wall Street veteran to one of President Trump’s most hawkish trade advisers began with a speech at his October campaign rally at Madison Square Garden. Lutnick extolled the virtues of tariffs and argued that the duties could at least in part replace the U.

Howard Lutnick, President Donald Trump’s nominee to lead the Commerce Department, offered a detailed defense of tariffs in his confirmation hearing, the clearest signal yet from a cabinet pick that the new administration is prepared to impose the levies on allies and adversaries alike.

The billionaire Wall Street CEO fielded questions about tariffs, China's AI progress, broadband access, allegiance to Trump and the revival of American mining and semiconductor production.

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.

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

President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that he has advised Trump to impose across-the-board tariffs country-by-country to restore trade reciprocity and fairness.

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.