It will be assigned to Lutnik accordingly Trump “Additional direct responsibility for the Office of the United States Trade Representative,” the enforcing body Customs duties.
Through this choice, Trump is enlisting the help of an old friend who supports the Republican vision of bringing back… Jobs Industrialization to the United States and strengthening Cryptocurrencies.
The Ministry of Commerce oversees a variety of disparate functions, from regulating maritime navigation to conducting the population census.
But its oversight of US export controls pushes it into the heart of a technological war between the United States And China.
For fear of being used by Beijing Technology As a weapon to strengthen its military, both the Trump administration and outgoing President Joe Biden aggressively used the powers of the Department of Commerce to impose regulations in order to stop the flow of American and foreign technology to China, with a strong focus on Semiconductors And the equipment used to make it.
The next Commerce Secretary will be responsible for enforcing a set of rules designed to hinder China’s development for artificial intelligence.
During the election campaign, Lutnick expressed his support for imposing customs duties of up to 60 percent on… Chinese goodsIn addition to a ten percent fee on all imports.
It is worth noting that Lutnick co-chairs Trump’s transition team with former CEO Linda McMahon. For wrestling Which previously led the Trump Administration for Business and Small Business, both of which are tasked with presenting candidates for key positions in the next administration.
