• 101 - The Secretary of Commerce

  • Auteur(s): Quiet. Please
  • Podcast

101 - The Secretary of Commerce

Auteur(s): Quiet. Please
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  • Résumé

  • This is your What does the US Secretary of Commerce do, a 101 podcast.

    Discover the dynamic world of U.S. commerce leadership with "Secretary of Commerce Living Biography," a captivating biographical podcast offering regularly updated episodes. Dive deep into the lives and legacies of those who have shaped economic policy and trade. Each episode provides insightful stories, exploring the challenges and triumphs faced by the Secretaries of Commerce. Perfect for history buffs, policy enthusiasts, and anyone curious about the evolution of American commerce. Tune in to stay informed and inspired.

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    Copyright 2024 Quiet. Please
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Politique Sciences politiques
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Épisodes
  • Howard Lutnick Confirmed as U.S. Secretary of Commerce, Solidifying Trump's "America First" Trade Agenda

    Howard Lutnick Confirmed as U.S. Secretary of Commerce, Solidifying Trump's "America First" Trade Agenda
    Feb 20 2025
    Howard Lutnick has been confirmed by the Senate to serve as President Donald Trump's U.S. Secretary of Commerce, a move that marks a significant milestone in Trump's "America First" policy agenda. The confirmation, which occurred on Tuesday with a vote of 51-45, follows a procedural vote last week where the Senate invoked cloture on his nomination[1][5].

    Lutnick, the Chairman and CEO of investment firm Cantor Fitzgerald, is one of the wealthiest individuals to serve in a presidential administration. He has vowed to divest all his financial interests to maintain impartiality, stating that he will sell all his business interests and assets within 90 days of his confirmation. This divestment plan was agreed upon with the Office of Government Ethics[1].

    During his confirmation hearing on January 29, Lutnick aligned closely with Trump's trade and tariff policies. He advocated for the use of reciprocal tariffs to address trade imbalances, arguing that the global trading environment treats the U.S. poorly and that tariffs can be used to create reciprocity. Lutnick dismissed the notion that tariffs create inflation, calling it "nonsense"[1].

    In line with these views, President Trump recently directed federal agencies to explore the implementation of reciprocal tariffs to remedy tariff imbalances imposed by other countries. Lutnick has been tasked with studying reciprocal trade relations and is expected to have a report ready by April 1. Additionally, Trump announced a 25% tariff on all steel and aluminum imports from all countries, with an even higher 35% tariff on Chinese steel and aluminum imports set to begin on March 12[1].

    Lutnick's role as Commerce Secretary will also involve leading the Office of the United States Trade Representative, further solidifying his position in shaping Trump's tariff and trade agenda. His confirmation is seen as a key step in the administration's efforts to enforce stricter trade policies, particularly against countries like China[1].

    The Trump administration has also made significant changes in export control policies, which will fall under Lutnick's purview. On January 20, 2025, President Trump issued an executive order establishing an "America First Trade Policy," which includes a review of the U.S. export control system. The Departments of Commerce and State are instructed to assess and recommend ways to maintain America's technological edge and eliminate loopholes in existing export controls, with a focus on preventing the transfer of strategic goods and technologies to strategic rivals like China[2].

    These changes indicate a robust approach to export control administration and enforcement, with potential impacts on companies involved in exporting advanced technologies. The new policies and personnel changes at key agencies, including the Departments of Commerce, State, and Justice, are expected to reshape export control priorities and enforcement mechanisms[2].
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    3 min
  • Navigating Commerce Secretary Nominations and Trade Policy Changes: The Pivotal Role of the U.S. Secretary of Commerce

    Navigating Commerce Secretary Nominations and Trade Policy Changes: The Pivotal Role of the U.S. Secretary of Commerce
    Feb 18 2025
    In recent days, the role of the Secretary of Commerce has been at the forefront of several significant developments, particularly under the nomination of Howard Lutnick and the implementation of new trade policies.

    Howard Lutnick, nominated by President Donald Trump to be the U.S. Secretary of Commerce, has been undergoing the confirmation process. During his Senate Commerce Committee hearing, Lutnick emphasized his commitment to reducing regulatory burdens to support American innovation and manufacturing. He highlighted key sectors such as spectrum, broadband deployment, semiconductor construction, and critical mineral extraction as areas where he plans to focus his efforts. Lutnick expressed his enthusiasm for serving in the Trump administration, aiming to drive economic growth and support American people. The Senate Commerce Committee, chaired by Senator Cruz, has scheduled a full committee markup to consider Lutnick's nomination, which took place on February 5, 2025[1].

    Meanwhile, the Trump Administration has made substantial changes to trade policies, with the Secretary of Commerce playing a crucial role. On February 10, 2025, President Trump announced the reinstatement of a 25 percent tariff on all steel imports and an increase in aluminum tariffs from 10 percent to 25 percent, effective March 12, 2025. This move revokes previously negotiated country-specific exemptions and quota arrangements, affecting countries such as Australia, South Korea, Canada, Mexico, Brazil, Japan, the United Kingdom, and the European Union. The tariffs are imposed under Section 232 of the Trade Expansion Act of 1962, citing national security concerns due to global overcapacity and unfair trade practices[2][4][5].

    The new tariffs eliminate the product exclusion request process managed by the Bureau of Industry and Security, with all pending exclusions deemed denied. However, the Secretary of Commerce is tasked with establishing a process by May 11, 2025, to allow U.S. steel and aluminum producers and industry associations to request the inclusion of additional derivative products under these tariffs. Petitioners must demonstrate that rising imports of these products pose a threat to U.S. national security[2][4][5].

    These changes are expected to have far-reaching implications for American manufacturers relying on imported steel and aluminum, as well as for global trade relations. The Commerce Secretary will also oversee the classification and assessment of these imports, with Customs and Border Protection (CBP) directed to prioritize the classification of steel imports and assess monetary penalties accordingly[4][5].

    In summary, the Secretary of Commerce is at the center of significant policy shifts, from the nomination of Howard Lutnick with a focus on innovation and light-touch regulation, to the implementation of stringent trade tariffs aimed at protecting U.S. national security and domestic industries. These developments underscore the critical role the Secretary of Commerce plays in shaping the country's economic and trade landscape.
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    3 min
  • Coveted Commerce Secretary Role Spotlighted as Lutnick Nomination Advances

    Coveted Commerce Secretary Role Spotlighted as Lutnick Nomination Advances
    Feb 16 2025
    In recent days, the role of the Secretary of Commerce has been at the forefront of several significant developments, particularly with the nomination of Howard Lutnick to the position.

    On February 3, 2025, President Donald Trump's nominee, Howard Lutnick, appeared before the Senate Commerce Committee for a hearing. During this session, Lutnick outlined his vision for the Department of Commerce, emphasizing a commitment to reducing regulatory burdens to support American innovation and manufacturing. He highlighted key sectors such as spectrum, broadband deployment, semiconductor construction, and critical mineral extraction as areas where he plans to focus his efforts. Lutnick expressed his enthusiasm for serving in the Trump administration, stating it as one of the great honors of his life and underscoring his dedication to driving the economy's growth and supporting the American people[5].

    The Senate Commerce Committee, chaired by Senator Cruz, has scheduled a full committee markup to consider Lutnick's nomination on February 5, 2025. This step is crucial in the confirmation process, as it will determine whether Lutnick will move forward to a full Senate vote.

    In addition to the nomination process, the Department of Commerce has been involved in other significant actions. On February 10, 2025, President Trump issued two proclamations related to steel and aluminum tariffs, which will have a direct impact on the department's responsibilities. These proclamations, titled "Adjusting Imports of Aluminum into the United States" and "Adjusting Imports of Steel into the United States," expand the original Section 232 tariffs imposed in 2018. The new measures eliminate all country exemptions, phase out specific product exclusions, and terminate existing General Approved Exclusions (GAEs). The tariffs will also increase from 10% to 25% for aluminum and will cover additional downstream steel and aluminum products. The Secretary of Commerce will play a key role in implementing these changes, including creating a new process to add more types of derivative steel and aluminum articles to the list of those subject to the duties[1].

    These developments underscore the active and pivotal role the Secretary of Commerce will continue to play in shaping U.S. trade policies, regulatory frameworks, and economic strategies. As the nomination of Howard Lutnick progresses, it is clear that the Department of Commerce will remain at the forefront of key national and international economic issues.
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    3 min

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