WASHINGTON, Feb 18 (Reuters) - The U.S. Senate voted on
Tuesday 51-45 to confirm President Donald Trump's nominee Howard
Lutnick, the billionaire chairman and CEO of Wall Street firm
Cantor Fitzgerald, to run the Commerce Department.
The Commerce Department, which has 47,000 employees, is
responsible for U.S. export controls, anti-dumping and
anti-subsidy duties, weather forecasting, fisheries, economic
data and promotion of investment in the United States. It also
has oversight for the $52.7 billion CHIPS and Science
semiconductor manufacturing and research subsidy program, and a
$42 billion program to expand high-speed broadband to areas with
little or no service.
Trump earlier said he had designated Lutnick as the
leader of his trade policy. Lutnick told senators he has advised
Trump to pursue across-the-board tariffs country-by-country to
restore "reciprocity" to America's trading relationships.
Last week, Reuters reported the White House is seeking
to renegotiate CHIPS awards and has signaled delays to some
upcoming semiconductor disbursements.
Lutnick told senators the CHIPS program is "an excellent
downpayment" to rebuild the sector in the U.S., but needs to be
reviewed.
Lutnick is worth $1.5 billion, according to Forbes.
Lutnick has said he will review
year-old restrictions on firearms exports
put in place by former President Joe Biden's
administration, aimed at preventing foreign criminal groups from
acquiring U.S. guns.
Lutnick wants to improve U.S. access to Canada's largely
closed dairy market and would work to protect the U.S. market
from fisheries imports from Russia and China.
Senate Commerce Committee chair Ted Cruz said Lutnick
will focus on issues including expanding commercial access to
wireless spectrum and "will ensure American taxpayer dollars are
spent efficiently and that Congress gets 'the benefit of the
bargain' on legislation like the CHIPS and Science Act."
Lutnick said
last month Chinese AI startup DeepSeek
had misappropriated U.S. technology to create a "dirt
cheap" AI model and vowed to impose new restrictions on
Beijing's technology access.