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.

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WASHINGTON—Howard Lutnick’s journey from Wall Street veteran to one of President Trump’s most hawkish trade advisers began with a speech at an 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.

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.

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.

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.

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.