Who has been confirmed as the new U.S. Commerce Secretary and what will be his role?

Howard Lutnick has been confirmed by the Senate as U.S. Commerce Secretary. As a Wall Street billionaire, Lutnick will now be positioned at the forefront of Washington's tariff and trade policies and agenda. In this influential role, Lutnick will help shape U.S. economic relations on the global stage, particularly concerning trade strategies and commerce policies. His appointment comes at a time when international economic relationships are under significant scrutiny, placing him in a key position to influence America's commercial direction.