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.

President Donald Trump's nominee for secretary of Commerce, billionaire Howard Lutnick, said he will sell all of his business interests within 90 days if he is confirmed.

U.S. President Donald Trump's nominee for Commerce secretary Howard Lutnick said on Wednesday that the Biden-era subsidies for U.S. semiconductor manufacturing are an "excellent down payment" but need review.

Billionaire businessman Howard Lutnick got a step closer to potentially serving as the next Commerce secretary after largely sailing through his confirmation hearing Wednesday before a U.S. Senate panel.

Billionaire businessman Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, outlined his vision for the role during his confirmation hearing on Wednesday. In a generally nonconfrontational,

Howard Lutnick, the financier President Trump has picked to lead the Commerce Department, said he favored “across-the-board” tariffs and was grilled about his financial ties in a nomination hearing Wednesday.

President Trump's pick to lead the Commerce Department, Howard Lutnick, on Wednesday said he would support imposing blanket tariffs on a country-by-country basis. Why it matters: If confirmed, Lutnick will be at the center of executing Trump's go-to geopolitical tool — but how exactly the administration should do so highlights a divide among its economic officials.