Trump’s Commerce pick signals U.S. might use ‘trade tools’ to counter Europe’s ESG impact

Howard Lutnick, the billionaire Wall Street CEO nominated by President Donald Trump to lead to Commerce Department, has signaled that the U.S. might employ “trade tools” in response to European environmental, social, and governance (“ESG”) rules impacting U.S. businesses, specifically pointing to the Corporate Sustainability Due Diligence Directive.