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.
“I will divest, I will sell all of my interests, my business interests, all of my assets, everything,'' Lutnick said in a confirmation hearing Wednesday before the Senate Committee on Commerce, Science, and Transportation.
Lutnick was in the running to be Treasury secretary, but Trump decided to go with someone viewed as more palatable to Wall Street: wealthy investor Scott Bessent, who was confirmed by the Senate Monday.
“Tariffs are an amazing tool for the president to use — we need to protect the American worker,” Lutnick said in a CNBC interview last year.
Lutnick, who was head of the investment firm Cantor Fitzgerald, has emerged as an outspoken supporter of Trump's hardline trade policies.
