Howard Lutnick, Trump's “lively” trade warrior, moves his power over global business

Since Howard Lutnick worked as President Trump's Commercial Secretary, the managers have tried to win him over some of the largest companies in the world.

The executives of NVIDIA, Facebook, Taiwan Semiconductor Manufacturing Company and Alphabet have his newly purchased $ 25 million ownership in Washington visited 16,250 square meters, the Mr. Lutnick, a billionaire, recently as “big enough for my ego” to move him to a business-friendly agent.

When Mr. Trump increased the tariffs on levels that could not be seen in a century, Ford, General Motors and other companies that have built up their business around international trade to Mr. Lutnick in the hope of convincing the president of pursuing a less aggressive approach. Some managing directors called the trading secretary at midnight.

Mr. Lutnick, 63, heads a department that both promotes and regulates industry, and he was responsible for the surveillance of the trade. As a result, he was in a position of an incredible influence, since the increase for a president, the comprehensive tariffs imposed, and the industries they crushed.

As a former bond dealer who has accumulated billions on Wall Street on Wall Street, Lutnick is one of the loudest sellers for tariffs in an administration that generally combines its advantages. He has publicly reproduced the president's message that large tariffs are necessary to revive the American industry, and that if they don't like it, companies should set up factories in the USA.

In internal conversations in the administration, however, he was often a voice for moderation. He argued in favor of Mr. Trump, who held his global tariffs for 90 days after sent cramps through the stock and bond markets. And he made the case to the president of providing certain preferred industries and helping them to gain exceptions of billions of dollars.