The choice of Trump’s trade with the progress of encrypted relations to the Senate Hall

The Senate Trade Committee has moved to pay the nomination of the banking billionaire Howard Lootnick To lead the Ministry of Commerce to the Senate Hall on Wednesday.

The nomination outside the committee made a vote on the party line, unlike Senator John Vitman, de Ba, who gave Lottenic a “yes” vote with the Republicans.

Lootnick, a long -term friend Donald Trump Cantor Fitzgerd, CEO, will be charged with entering the new encryption policy and tariff for trade management, if confirmed.

It will also take the initiative in a new executive from Trump that creates a sovereign wealth box of the US government.

The CEO, which is meaningless to lead Cantor through September 11 terrorist attacksWhen he lost his brother and more than 600 workers in attacks on the northern tower. Lutnick has been praised for his charitable work through the Cantor Fitzgerald’s RLIEF Fund, which helps to support families affected by terrorism, natural disasters and other emergency situations.

​​Howard, Trump’s Minister of Trade, says that the definitions cause inflation

Lutnick promise, which supports strong definitions, in his confirmation session, “Using any and all powers at their disposal to implement the president’s commercial agenda.”

He claimed that it was “nonsense” to suggest the definitions that cause inflation.

“The two adult countries enjoy the customs tariff, India and China, with the largest amount of customs tariffs and Unhappy“Note Lottenic.

“The price of a specific product may rise,” he confessed, while arguing that the fees would not cause widespread enlargement. “It is just nonsense to say that the customs tariff causes inflation. It’s nonsense.”

Lootnick also said that he prefers “comprehensive” definitions on the basis of “the country separately”, instead of those aimed at certain sectors or products.

“I think when you choose one product In MexicoThey will choose one product. As you know, we choose avocado, choose the white corn, choose tomatoes, and choose the yellow corn. All you do is choosing farmers. “

“Let America make it more just. We have been terriblely treated by the global commercial environment. They all have a higher tariff, not trivial barriers and commercial support. They treat us badly. We need to deal better.” “We can use definitions to create a reciprocity.”

Trump’s billionaire Trade Minister chooses to sell all his commercial interests if confirmed

he Trump said It was “like the mind” that the definitions should be simple. “Steel and aluminum had 560,000 exceptions. It seems very much.”

Lutnick’s relationships with the crystallized currency rope with dollars that were subject to scrutiny were exposed to hearing. The Wall Street Journal recently reported that Lootnick has about 5 % of Tether ownership, at a value of $ 600 million, according to the Wall Street Journal recently. Lutnick told legislators that his company has no royal rights to Tether, but it has convertible bonds.

Get Fox Business on the Go by clicking here

“I think the US dollar should be scrutinized, it should be fully supported by the US Treasury by 100 %,” Lottennik said during the hearing.

He promised to sell all his commercial interests if this role is confirmed.