Howard Lutnick is the cochair of President-elect Donald Trump's transition team.
ANGELA WEISS / AFP
- Trump has nominated Howard Lutnick for commerce secretary.
- It's a pivotal pick given that economic concerns helped fuel Trump's win.
- Lutnick had been viewed as a frontrunner for the position of treasury secretary.
President-elect Donald Trump has nominated billionaire finance executive Howard Lutnick as his next commerce secretary.
"He will lead our Tariff and Trade agenda...