President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can avoid looming U.S. tariffs if they act swiftly to close their borders to fentanyl,

Howard Lutnick, the wealthy financier Trump has picked to lead the Commerce Department, said he favored “across the board” tariffs and faced grilling about his financial ties in a nomination hearing Wednesday.

As the Chinese lunar new year begins, investors will be wondering whether allocating to the world’s second-largest economy will “rattle” up some big returns, or whether Trump’s tariffs will take a “ve