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Howard Lutnick

Howard Lutnick

United States Secretary of Commerce

Appears in 4 stories

Born: 1961 (age 64 years)
Net worth: 3.3 billion USD (2026)
Spouse: Allison Lutnick (m. 1994)
Children: Brandon Lutnick, Kyle Lutnick, and Casey Lutnick
Party: Republican Party

Stories

America's oil squeeze on Cuba

Force in Play

U.S. Secretary of Commerce - Tasked with determining which countries face Cuba-related tariffs

The United States has imposed economic pressure on Cuba for 64 years. Now, for the first time, Washington is threatening to punish any country that sells oil to the island. President Trump's January 29 executive order creates a tariff mechanism targeting third countries that supply Cuban fuel—a significant escalation that goes beyond traditional bilateral sanctions to coerce allies and trading partners into joining an energy blockade. Nearly two months later, the UN has warned of a potential humanitarian collapse as oil dwindles, blackouts persist nationwide, and tensions boiled over with Cuban border guards killing four on a US-registered speedboat on February 25.

Updated 2 days ago

America's semiconductor reshoring bet

Money Moves

US Secretary of Commerce - Leading US trade and semiconductor policy

The United States produced 37% of the world's semiconductors in 1990, but by 2024 that share had fallen below 10%, with Taiwan manufacturing over 90% of the most advanced chips. A $500 billion US-Taiwan trade framework, initiated with a January 16, 2026 memorandum and formally signed February 12, commits Taiwanese firms to $250 billion in direct US investments plus $250 billion in credit guarantees for semiconductors, AI, and energy in exchange for 15% tariffs (down from 20%).

Updated Feb 13

Trump reopens China to Nvidia’s H200—now Congress wants the national-security math

Rule Changes

U.S. Secretary of Commerce - Facing pressure to justify and operationalize the H200 licensing framework

The Trump administration just did the thing Washington has spent years swearing it wouldn’t do: let China buy a near-top-tier Nvidia AI chip again. Now a key China hawk in Congress is demanding the Commerce Department explain, in detail, why this isn’t a strategic own-goal.

Updated Dec 13, 2025

Trump’s $1 million ‘gold card’: when U.S. immigration goes pay-to-stay

Rule Changes

U.S. Secretary of Commerce - Overseeing Gold Card rollout and selling it as a revenue and talent magnet.

Donald Trump is now literally selling a fast track to America. His new Trump Gold Card program lets wealthy foreigners buy expedited U.S. residency for a $1 million “gift” to the government, on top of a $15,000 processing fee, with a corporate option costing $2 million per sponsored worker.

Updated Dec 11, 2025